This small-cap construction company emerged as the L-1 bidder for an order worth Rs 1,373.6 crore!

The company specialises in constructing state and national highways, city roads, culverts and bridges.

On January 27, 2023, Dilip Buildcon Limited informed in the exchange filing that it has declared has been the L1 bidder for two new HAM projects Bengaluru -Vijayawada under Bharatmala Pariyojana Phase-I in the State of Andhra Pradesh. The total order is worth Rs 1373.6 crore.

The first order is for the development of a six-lane access-controlled greenfield highway from Kodur to Vanavolu Bengaluru Vijayawada Economic Corridor on HAM mode under Bharatrnata Padyojana Phase l in the state of Andhra Pradesh. The order is worth Rs 599.50 crore and the completion period is 24 months.

The second order is for the development of a six-lane access-controlled greenfield highway from Odulapalle to Nallacheruvupalli of Bengaluru, Vijayawada economic corridor on HAM mode under Bharatmala Pariyojana Phase-l in the state of Andhra Pradesh.

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

Today, the stock opened at Rs 214.05 and made a high and low of Rs 219.00 and Rs 207.25. It closed trading at Rs 212.00, down by 2.48 per cent. The stock has a 52-week high of Rs 378.90 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.