Dilip Buildcon shines on getting provisional completion certificate for Gujarat project
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Dilip Buildcon is currently trading at Rs. 334.00, up by 14.65 points or 4.59% from its previous closing of Rs. 319.35 on the BSE.
The scrip opened at Rs. 320.45 and has touched a high and low of Rs. 341.05 and Rs. 320.45 respectively. So far 85693 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 351.30 on 20-Oct-2023 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. 341.05 and Rs. 301.40 respectively. The current market cap of the company is Rs. 4911.36 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 11.75% and 18.10% respectively.
Dilip Buildcon has received Provisional Completion Certificate for the project 'Four Laning Of Dhrol - Bhadra Patiya Section Of NH-151A (Between Ex. Km 5+700 To Km 13+600 Of SH-25) And Bhadra Patiya - Pipaliya Section Of NH-151A (Between Ex. Km 73+000 To Km. 44+800 And Ex. Km. 38+350 to 24+000 of CSH-6) in Gujarat through Public Private Partnership (PPP) on Design, Build, Operate And Transfer (The 'DBOT Annuity' Or 'Hybrid Annuity') Basis'.
The Provisional Completion Certificate has been issued by the authority and had declared the project fit for entry into commercial operation as September 25, 2023. The project cost was Rs 882 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.
