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Dilip Buildcon shines as its JV receives LoA for project in Uttarakhand

  • bitnet infotech
  • August 19, 2020
  • 5:40 am

Dilip Buildcon is currently trading at Rs. 390.20, up by 10.00 points or 2.63% from its previous closing of Rs. 380.20 on the BSE.

The scrip opened at Rs. 388.95 and has touched a high and low of Rs. 395.85 and Rs. 388.15 respectively. So far 9986 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 477.40 on 12-Sep-2019 and a 52 week low of Rs. 193.40 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 395.85 and Rs. 343.90 respectively. The current market cap of the company is Rs. 5199.99 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 15.46% and 9.54% respectively.

Dilip Buildcon’s joint venture (JV) — Dilip Buildcon-HCC has received letter of acceptance (LoA) from Rail Vikas Nigam for the project of construction of Tunnels, Bridges, Yard and formation works from chainage 117+365 To 125+320 (FLS) under Package-9 in connection with new BG Line between Rishikesh and Karanprayag (125km) in State of Uttarakhand, India. The bid project cost is Rs 1334.95 crore and completion period for the project is 50 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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