Dilip Buildcon rises on getting provisional completion certificate for Madhya Pradesh project

Dilip Buildcon is currently trading at Rs. 226.55, up by 2.35 points or 1.05% from its previous closing of Rs. 224.20 on the BSE.

dilip buildcon gains on executing epc agreement for karnataka project
Dilip Buildcon

The scrip opened at Rs. 228.75 and has touched a high and low of Rs. 230.00 and Rs. 225.05 respectively. So far 3341 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 658.00 on 15-Nov-2021 and a 52 week low of Rs. 187.40 on 01-Jul-2022.

Last one week high and low of the scrip stood at Rs. 230.00 and Rs. 217.45 respectively. The current market cap of the company is Rs. 3307.38 crore.

The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 15.43% and 14.41% respectively.

Dilip Buildcon has received Provisional Completion Certificate for project of ‘Construction of Road, Tunnel, Viaduct and Churhat Bypass of Rewa- Sidhi section of NH-75E New NH-39, from chainage Km 33/200 to 55/400 (total design length 15.350 km) as Cement Concrete Pavement configuration in the State of Madhya Pradesh on DBOFT or HAM basis’.

The Provisional Completion Certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on November 10, 2022. The project cost is Rs 1004.00 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.

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