Stock in focus: Dilip Buildcon set to outperform as it wins a huge order; know more now!

The shares of Dilip Buildcon traded with optimism on Thursday as the company announced on bourses that the Hon'ble Supreme Court of India vide judgement dated 21.09.2027 has in effect confirmed appointment of Dilip Buildcon United (DBL) & VPR Mining lnfrastructure Private Limlted (VPR), as the Mine Developer Cum Operator, by Punjab State Power Corporation Limited at the Pachhwara Central Coal Block Mine. 

The total contract value of the tender is Rs. 32,156.04 Crores (excluding taxes). The mineable reserve of the block is 382.1 Million Metric Tons which was to be exploited over a period of 55 years by selection and appointment of Mine Developer Cum Operator through competitive bidding process for the development and operations of Pachhwara Central Coal Mines. DBL&VPR formed a consortium to participate in the tender process. The consortium of DBL and VPR emerged as Ll Bidder in the Reverse Auction conducted by PSPCL and consequently Letter of Award was issued in its favour. 

The shares of Dilip Buildcon managed to trade with a price volume breakout on Thursday while also crossing from below the 20D SMA, 50D SMA and 200D SMA. This bullish crossover augurs well for Dilip Buildcon in the near term as well as in the medium term as the bullish crossover is also seen in 200D SMA on Thursday. 

Dilip Buildcon has recently announced a final dividend of Rs 1 per share. The Dilip Buildcon shares closed higher by more than 6 per cent on Thursday.