Dilip Buildcon climbs on bagging LOI worth Rs 1,800 crore
Dilip Buildcon is currently trading at Rs. 413.80, up by 21.35 points or 5.44% from its previous closing of Rs. 392.45 on the BSE.
The scrip opened at Rs. 429.95 and has touched a high and low of Rs. 439.90 and Rs. 411.00 respectively. So far 213172 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 587.90 on 24-Sep-2025 and a 52 week low of Rs. 381.75 on 27-Jul-2026.
Last one week high and low of the scrip stood at Rs. 439.90 and Rs. 390.30 respectively. The current market cap of the company is Rs. 6798.32 crore.
The promoters holding in the company stood at 63.14%, while Institutions and Non-Institutions held 7.08% and 29.78% respectively.
Dilip Buildcon has secured Letter of Intent (LOI) worth Rs 1,800 crore (excluding GST) from Petroleum and Natural Gas Regulatory Board (PNGRB). The LOI is for ‘Grant of Authorization for Laying, Building, Operating or Expanding Petroleum and Petroleum Product (LPG) Pipeline from Paradip, Odisha to Raipur, Chattisgarh’.
The project entails the grant of an exclusive license by PNGRB to act as the authorized entity for the development of ‘pipeline’ infrastructure for the transportation of LPG, including financing, construction, and operation of the same, and to levy and collect tariff for the transportation of LPG up to the designated delivery point for operation period of 25 years after construction period of 3 years.
Under the proposed project, the company will undertake the design, finance, development, construction, operation and maintenance of the proposed LPG pipeline infrastructure, subject to applicable approvals, authorisations and regulatory requirements of the PNGRB. The proposed pipeline infrastructure will facilitate the transportation of LPG to the bottling plants of various Oil Marketing Companies (OMCs), thereby intending, replacing the existing road-based transportation of LPG through tankers and enhancing road safety. The project will generate revenue through the applicable Petroleum and Petroleum Products Pipeline Transportation Tariff for transportation of LPG through the pipeline.
