Dilip Buildcon Share Price surges on Fresh Orders

Dilip Buildcon share price rocketed almost 10 per cent intraday after the company stated that it has bagged a road project in Andhra Pradesh worth Rs 260 cr. Ministry of Road has declared Dilip Buildcon, Bhopal as the successful bidder (L-1) for the project - rehabilitation and upgradation of Machilipatnam to Avanigadda section to two lane with paved shoulder in Andhra Pradesh under NHDP-IV via EPC - engineering, procurement and construction basis at a project cost of Rs 260 cr, the company said in a BSE filing. The completion period of the project is 2 years, it added.

Dilip Buildcon Limited, a private sector road-focused EPC - engineering procurement construction contractor, is developing infrastructure across the globe in areas like roads and bridges, water sanitation and sewage, irrigation, industrial, commercial and residential buildings.

Dilip Buildcon arm Bags Order worth Rs 917 Crore:

Dilip Buildcon Limited has informed the BSE regarding update in relation to the project for Rehabilitation and up-gradation of NH-66 (Erstwhile NH-17) from Km 406/030 to Km 450/170 (Kalmath to Zarap section) to four-lane with paved shoulder in the state of Maharashtra under NHDP-IV on Hybrid Annuity Mode.

The promoters holding in the company stood at 75.63 per cent while Institutions and Non-Institutions held 15.67 per cent and 8.7 per cent respectively. Dilip Buildcon share price is currently trading above its 50 DMA.

Dynamic Levels has recommended Dilip Buildcon as the top 500 shares considering its strong fundamentals and financials. The stock has proved to be good for investment and Dynamic Levels Research analysts and market experts are confident and positive that it has the capability to give good returns in the long run.

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