Dilip Buildcon gains after securing new order from NHAI

Dilip Buildcon rose 1.54% to Rs 867 at 14:57 IST on BSE after the company received letter of award from National Highways Authority of India for a new hybrid annuity project valued at Rs 1313.90 crore in Karnataka.

The announcement was made on Saturday, 2 June 2018.

Meanwhile, the S&P BSE Sensex, was down 160.42 points or 0.46% to 35,066.84.

On the BSE, 1.70 lakh shares were traded on the counter so far as against average daily volumes of 2.09 lakh shares in the past two weeks. The stock had hit a high of Rs 893.40 and a low of Rs 827 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 405.05 on 27 June 2017.

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

Dilip Buildcon said that the order is for four laning of Bellary to Byrapura Section of NH-150A on Hybrid Annuity Mode under Bharatmala Pariyojana in Karnataka on Hybrid Annuity Mode Pkg - 1. The construction period of the project is 24 months.

Dilip Buildcon's net profit rose 11.03% to Rs 217.36 crore on 46.14% growth in net sales to Rs 2557.88 crore in Q4 March 2018 over Q4 March 2017.

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

Powered by Capital Market - Live News