Dilip Buildcon shines on emerging as L-1 bidder for Haryana project
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Dilip Buildcon is currently trading at Rs. 477.95, up by 8.30 points or 1.77% from its previous closing of Rs. 469.65 on the BSE.
The scrip opened at Rs. 495.25 and has touched a high and low of Rs. 500.40 and Rs. 477.50 respectively. So far 86837 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. 500.40 and Rs. 457.80 respectively. The current market cap of the company is Rs. 7043.18 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 11.95% and 17.90% respectively.
Dilip Buildcon has been declared as L-1 bidder for the tender floated by the Haryana Rail Infrastructure Development Corporation on EPC mode in the state of Haryana. The project is for Contract Package C5: Composite Contract package in connection with New BG Double Railway Line of HORC project between stations Prithla and Dhulawat for: (i) Design and Construction of Civil Works (Earthwork, Bridges, Stations and Retaining Walls) from km -2.296 to km 12.00 & km 18.00 to km 20.942; (ii) Design & Construction of viaduct from km 20.942 to km 24.844; (iii) Design & Construction of Ballastless track from km 20.842 to km 24.844; and (iv) Design, Supply, Installation, Testing & Commissioning of General Electrical Services from km -2.296 to km 12.00 and Km 18.00 to Km 24.844. The bid project cost is Rs 1092.46 crore. The completion period of the project is 36 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.
