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Dilip Buildcon strengthens on receiving LoA for EPC project in Karnataka

Dilip Buildcon is currently trading at Rs. 415.00, up by 4.15 points or 1.01% from its previous closing of Rs. 410.85 on the BSE.

The scrip opened at Rs. 414.00 and has touched a high and low of Rs. 418.00 and Rs. 405.95 respectively. So far 2134 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 915.75 on 06-Aug-2018 and a 52 week low of Rs. 311.55 on 05-Feb-2019.

Last one week high and low of the scrip stood at Rs. 432.00 and Rs. 405.95 respectively. The current market cap of the company is Rs. 5619.19 crore.

The promoters holding in the company stood at 75.63%, while Institutions and Non-Institutions held 14.62% and 9.75% respectively.

Dilip Buildcon has received the letter of acceptance (LoA) on July 30, 2019 from the Ministry of Road Transport & Highways, New Delhi for a new EPC project in the state of Karnataka. The project is for the construction of extra-dosed Bridge across Sharavathi Backwaters and approaches between Ambargodu and Kalasavalli of NH-369E in Karnataka. The bid project cost is Rs 360.09 crore and the completion period 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.

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