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28-Mar2018

Dilip Buildcon gains on receiving LoA worth Rs 841.70 crore in Karnataka

Dilip Buildcon is currently trading at Rs. 998.55, up by 1.90 points or 0.19% from its previous closing of Rs. 996.65 on the BSE.

The scrip opened at Rs. 999.95 and has touched a high and low of Rs. 1006.65 and Rs. 994.80 respectively. So far 3392 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1059.00 on 27-Dec-2017 and a 52 week low of Rs. 337.10 on 28-Mar-2017.

Last one week high and low of the scrip stood at Rs. 1,027.60 and Rs. 958.25 respectively. The current market cap of the company is Rs. 13631.16 crore.

The promoters holding in the company stood at 75.63%, while Institutions and Non-Institutions held 15.74% and 8.63% respectively.

Dilip Buildcon has received Letter of Award (LoA) by the National Highways Authority of India (NHAI) for a new Hybrid Annuity Project valued at Rs 841.70 crore in the State of Karnataka under Bharatmala Pariyojana.

The project is for the construction of the four laning from 308.550 km to 358.500 km, Byrapura to Challakere section of NH-150 A, on Hybrid Annuity Mode. The construction period is 24 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.



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