This construction company bags a Rs 702.02 crore order from Gujarat Metro Rail Corporation

The stock is trading at Rs 242.90, up by 2.04 per cent.

Dilip Buildcon (DBL) executed a contract agreement with the Gujarat Metro Rail Corporation (GMRC) on December 02, 2022, for the construction of an 8.702 km elevated viaduct and 7 stations (Excl. E&M, Architectural Finishing and Roofing) from Majura Gate (Ch.9090 m) to Saroli Dead End (Ch. 17791.851 m) under corridor-2 in connection with Surat Metro Rail Project Phase - 1 (Pkg-CS-6). The project cost is Rs 702.02 crore with a completion period of 26 months.

Dilip Buildcon is in the business of the development of infrastructure undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges. The company undertakes contracts from government and other parties.

Today, the stock opened at Rs 243.20 and made a high and low of Rs 248.25 and 242.15. The stock previously closed at Rs 238.05. Currently, the stock is trading at Rs 242.90 up by 2.04 per cent.

In the last 6 months the shares of the company have given 3.11 per cent returns and on a YTD basis -43.97 per cent decline in the stock. The stock has a 52-week high of Rs 590 and a 52-week low of 187.40. The company has a ROCE of 3.16 per cent and an ROE of -14.1 per cent with a market capitalisation of Rs 3,554 crore.