This construction company emerged as the L-1 bidder for an order worth Rs 1947.06 crore!

The stock jumped more than 2 per cent in today’s trade.

On January 23, 2023, the company informed in the exchange filing that Dilip Buildcon Limited – Skyway Infraprojects Pvt Ltd [DBL-SIPL (JV)] is declared as the L-1 bidder for the tender floated by the Madhya Pradesh Jal Nigam Maryadit, Bhopal (MP). The project involves engineering, procurement, construction, testing commissioning, trial run and operation and maintenance of various components of Rewa Bansagar MVS District Rewa in a single package on a turn-key job basis. The order is to be completed in 24 months.

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 221.10 and made a high and low of Rs 224.70 and 219.20. The stock previously closed at Rs 215.80. The stock closed trading at Rs 220.20, up by 2.04 per cent.

In the last 6 months the shares of the company have given 0.70 per cent returns and on a YTD basis -0.39 per cent decline in the stock. The stock is a part of group A with a market capitalisation of Rs 3,219.65 crore. 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.