This small-cap construction company starts the execution of multiple projects worth Rs 3902 crore!
Shares of Dilip Buildcon surged over 2% on the execution of multiple projects.
Stock price updates
Today, the shares of Dilip Buildcon Ltd surged 1.34% to Rs 196.15 per share from its previous closing of Rs 193.55. The stock has a 52-week high of Rs 317.35 and a 52-week low of Rs 187.40. Today, shares of the company saw a spurt in volume by more than 1.25 times on BSE.
The company has started the execution of multiple projects. They are as follows:
Project - 1
Dilip Buildcon Ltd informed both the exchanges (NSE & BSE) that the company has started the executed project from Madhya Pradesh Jal Nigam Mayardit, Bhopal (M.P) (Authority). The project is worth Rs 1947.06 crore.
The project includes engineering, procurement & construction (EPC), testing commissioning, trial run and operation and maintenance of various components of Rewa Bansagar MVS, District Rewa in a single package on a turnkey job basis including trial run and operation & maintenance of the entire water supply scheme for 10 years.
Project - 2
The company has also started the execution of "Urga - Pathalgaon Highways Limited" a wholly owned subsidiary of the Company has executed the concession agreement with the National Highways Authority of India (Ministry of Road Transport and Highways) for a project worth Rs 1955 crore.
The project includes the construction of a four-lane Urga - Pathalgaon section of NH-130A from Bhaisma village to Taruama village under the Bharatmala Pariyojana Raipur - Dhanbad Economic corridor the State of Chhattisgarh on hybrid annuity mode which will be completed in 30 months from the date of the agreement.
Dilip Buildcon Limited builds infrastructure facilities using the EPC model and accepts contracts from various government agencies, third parties, and special-purpose vehicles promoted by the company. The term "virtual reality" refers to the process of creating a virtual reality experience.
Financials of the company
The company reported excellent quarterly results, with a net profit of Rs 110 crore in Q3FY23 compared to a net loss of Rs 97 crore in Q3FY22. In addition, the company has also bagged multiple orders in the financial year 2022-2023.
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