Dilip Buildcon gains after new order win

Dilip Buildcon rose 1.36% to Rs 845 at 09:21 IST on BSE after the company received new EPC project valued at Rs 1698 crore by the Maharashtra State Road Development Corporation in Maharashtra.

The announcement was made after market hours yesterday, 30 August 2018.

Meanwhile, the S&P BSE Sensex, was down 46.92 points or 0.12% to 38,643.18

On the BSE, 6,299 shares were traded on the counter so far as against average daily volumes of 24,000 shares in the past two weeks. The stock had hit a high of Rs 848.95 and a low of Rs 840.95 so far during the day. The stock had hit a record high of Rs 1,248.35 on 15 May 2018 and a 52-week low of Rs 563.10 on 25 September 2017.

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

DBL has received Letter of Acceptance (LOA) for a new EPC project valued at Rs 1698 crore by the Maharashtra State Road Development Corporation in Maharashtra. The project construction period 30 months.

Dilip Buildcon's net profit rose 107.84% to Rs 254.89 crore on 46.4% growth in net sales to Rs 2436.30 crore in Q1 June 2018 over Q1 June 2017.

Dilip Buildcon is a road-focused engineering, procurement and construction (EPC) contractor.

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