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Dilip Buildcon surges on getting appointment date for EPC project in Maharashtra

Dilip Buildcon is currently trading at Rs. 386.00, up by 9.05 points or 2.40% from its previous closing of Rs. 376.95 on the BSE.

The scrip opened at Rs. 381.50 and has touched a high and low of Rs. 387.00 and Rs. 381.50 respectively. So far 3117 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 848.95 on 31-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. 406.90 and Rs. 317.00 respectively. The current market cap of the company is Rs. 5155.54 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 appointed date from the National Highways Authority of India for Saoner – Dhapewada, EPC project in the state of Maharashtra. The project is for 4 Laning of Saoner-Dhapewada-Kalmeshwar-Gondkhairi, NH-547E, Package-II, from km 4.700 to km 33.575 in the state of Maharashtra on (EPC) Mode. The project cost is Rs 480.07 crore and the completion period for the project 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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