Dilip Buildcon trades higher as its JV gets LoA for Madhya Pradesh project
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Dilip Buildcon is currently trading at Rs. 209.55, up by 1.80 points or 0.87% from its previous closing of Rs. 207.75 on the BSE.
The scrip opened at Rs. 215.20 and has touched a high and low of Rs. 215.30 and Rs. 208.10 respectively. So far 18878 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.35 on 11-Apr-2022 and a 52 week low of Rs. 187.40 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 219.65 and Rs. 206.05 respectively. The current market cap of the company is Rs. 3063.20 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 14.66% and 15.19% respectively.
Dilip Buildcon through Dilip Buildcon - Skyway Infraprojects [DBL-SIPL (JV)] has received the letter of acceptance (LoA) for project involves Engineering, Procurement, Construction, Testing Commissioning, Trial Run and Operation and Maintenance of Various Components of Rewa Bansagar MVS, District Rewa in Single Package on TurnKey Job Basis including Trial Run and Operation & Maintenance of the Entire Water Supply Scheme for 10 Years from Madhya Pradesh Jal Nigam Maryadit, Bhopal (M.P) (Authority). The project cost is Rs 1947.06 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.
