Dilip Buildcon firms up after winning road project

Dilip Buildcon rose 1.62% to Rs 345 at 10:35 IST on BSE after the company was declared as lowest-1 or L1 bidder for orders valued at Rs 503.10 crore by the National Highways Authority of India.

The announcement was made before market hours today, 29 March 2017.

Meanwhile, the S&P BSE Sensex was up 66.68 points, or 0.23% to 29,476.20. The S&P BSE Mid-Cap index was up 17.51 points or 0.13% to 13,929.16.

On the BSE, 4,557 shares were traded in the counter so far, compared with average daily volumes of 37,116 shares in the past one quarter. The stock had hit a high of Rs 347.80 and a low of Rs 343.65 so far during the day. The stock had hit a record high of Rs 365.15 on 21 March 2017. The stock had hit a record low of Rs 178.60 on 9 November 2016.

The mid-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10

Dilip Buildcon (DBL) has been declared as the lowest-1 or L1 bidder for the project of four laning, rehabilitation and upgradation of NH-4 from Nalagampalli to AP/Karnataka border under the National Highways Development Project (NHDP)-IV in Andhra Pradesh on engineering, procurement and construction (EPC) mode.

The contract amount for this four lane National Highways Authority of India (NHAI) project on EPC mode in Andhra Pradesh, to be executed on EPC basis is Rs 503.10 crore with 24 months of completion period.

Dilip Buildcon's net profit jumped 151.7% to Rs 108.64 crore on 41.9% rise in net sales to Rs 1388.43 crore in Q3 December 2016 over Q3 December 2015.

Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor. The company develops infrastructure across the country in diverse areas such as roads & bridges, water sanitation & sewage, irrigation, industrial, commercial & residential buildings.

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