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Dilip Buildcon surges on emerging as L-1 bidder for drinking Water Supply project in Ujjain
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Dilip Buildcon is currently trading at Rs. 308.25, up by 3.45 points or 1.13% from its previous closing of Rs. 304.80 on the BSE.
The scrip opened at Rs. 305.05 and has touched a high and low of Rs. 313.55 and Rs. 305.05 respectively. So far 64526 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 347.80 on 02-Aug-2023 and a 52 week low of Rs. 159.70 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 315.40 and Rs. 295.00 respectively. The current market cap of the company is Rs. 4482.22 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 11.60% and 18.26% respectively.
Dilip Buildcon through Dilip Buildcon – Patel Engineering [DBL-PEL (JV)] has declared as L-1 bidder for the tender floated by the Madhya Pradesh Jal Nigam, Ujjain, Madhya Pradesh. The project is for ‘Engineering Procurement Construction Testing Commissioning Trial Run and Operation and Maintenance for 10 Years of Narmada Gambhir Multi Village Drinking Water Supply Scheme District Ujjain in Single Package on Turn Key Job Basis’. The bid project cost is Rs 1275.30 crore. The completion period of the project is 24 months.
Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.
