Dilip Buildcon gained 1% to Rs 948.70 at 10:18 IST on BSE after the company said that it has won road project from National Highways Authority of India.
The announcement was made before market hours today, 28 February 2018.Meanwhile, the S&P BSE Sensex was down 164.64 points or 0.48% at 34,181.75.
On the BSE, 10,000 shares were traded on the counter so far as against average daily volumes of 52,000 shares in the past two weeks. The stock had hit a high of Rs 949.75 and a low of Rs 932 so far during the day. The stock had hit a record high of Rs 1,059 on 27 February 2017 and a 52-week low of Rs 254 on 9 March 2017.
Dilip Buildcon has been declared lowest bidder (L-1) for a new hybrid annuity road project valued at Rs 2013 crore by the National Highways Authority of India in Andhra Pradesh.
The length of the project is 50.8 kilometers. The construction period of the project is 30 months and operation period of the project is 15 years from commercial operations date.
Dilip Buildcon's net profit surged 51.6% to Rs 164.70 crore on 39.8% growth in net sales to Rs 1942.12 crore in Q3 December 2017 over Q3 December 2016.
Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor.
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