Dilip Buildcon zooms on emerging as L-1 bidder for Andhra Pradesh project
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Dilip Buildcon is currently trading at Rs. 190.90, up by 15.65 points or 8.93% from its previous closing of Rs. 175.25 on the BSE.
The scrip opened at Rs. 179.30 and has touched a high and low of Rss. 192.90 and Rs. 177.30 respectively. So far 39185 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. 174.60 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 192.90 and Rs. 174.60 respectively. The current market cap of the company is Rs. 2690.36 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 has been declared as L-1 bidder for the tender floated by the National Highways Authority of India on hybrid annuity basis in the state of Andhra Pradesh. The project is for Development of Six-Lane Access Controlled Greenfield Highway from Audireddipalle (Ch.160+000) to Mallapalle (Ch. 176+000) of (NH-544G) Bengaluru-Vijayawada Economic Corridor on HAM Mode under Bharatmala pariyojana Phase-I in the State of Andhra Pradesh (Package-07). The bid project cost for the said project is Rs 780.12 crore. The construction period of the project will be 24 months and operation period is 15 years from commercial operation date.
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.
