Dilip Buildcon jumps on getting provisional completion certificate for Bihar project
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Dilip Buildcon is currently trading at Rs. 460.20, up by 7.35 points or 1.62% from its previous closing of Rs. 452.85 on the BSE.
The scrip opened at Rs. 459.40 and has touched a high and low of Rs. 463.15 and Rs. 451.55 respectively. So far 18557 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 504.45 on 19-Feb-2024 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. 474.00 and Rs. 438.25 respectively. The current market cap of the company is Rs. 6719.31 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 11.97% and 17.88% respectively.
Dilip Buildcon has received Provisional Completion Certificate for the project of Construction and upgradation of NH - 131A from Km 34.600 (design Ch: 6.000) near Narenpur to Km 79.970 (design Ch 53.000) near Purnea to 4 lane standard and from Km 79.970 (design Ch: 53.000) to Km 82.000 (design Ch: 55.000) near Purnea to 2 lane with paved Shoulders standard, in the State of Bihar on Hybrid Annuity Mode. The Provisional Completion Certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on March 29, 2024. The project cost was Rs 1905 crore.
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.
