Dilip Buildcon Post rating upgrade of bank facilities

Dilip Buildcon share price rose as high as Rs 227.00 after the company announced that India Rating & Research has upgraded the ratings of its long term as well as short term bank facilities.

The Dynamic Levels recommended top 500 performing stock made the announcement after the market hours yesterday, 28^th December 2016. These top 500 stocks are selected every quarter by the Research analysts, out of the 1700 plus NSE stocks.

The mid-cap company has a market cap of Rs 3044.50crores as of today. Face value per share is Rs 10. The book value is 81.32 and there is 9.02 per cent Promoter holding pledged by the company.

Dilip Buildcon said that the credit rating agency, India Rating & Research (Ind-Ra) has upgraded its long term issuer rating along with the long term rating on its bank facilities to 'IND A from IND A-' while resolving the rating watch positive (RWP). The outlook is stable. The agency has also upgraded the short term rating on Dilip Buildcon’s bank facilities to 'IND A1 from INDA2+.

Dilip Buildcon Limited (DBL) is one of the leading private sector road-focused Engineering Procurement Construction (EPC) contractors in the country. DBL is also the fastest growing infrastructure development company of India with about 78.44 per cent continuous year-on-year growth for the last four years. The Company is developing infrastructure across the country in many diverse areas such as roads & bridges, water sanitation & sewage, irrigation, industrial, commercial & residential buildings.

The company prides itself on its engineering as well as execution capabilities, two areas that are led by its dynamic director Mr. Devendra Jain.

Dilip Buildcon share price closed at Rs 222.85, up by 0.18 per cent or 0.40 points. Get the historical share price performance of Dilip Buildcon at Dilip Buildcon share price history.