Dilip Buildcon announces EPC agreement; stock continues positive trend

The share of Dilip Buildcon Ltd continued its strong rally for the fourth straight week. The share price has surged 34 per cent in just a span of one month.

Easing of lockdown norms and economic revival is considered as the key reasons for the rally. Further, consistent order booking and execution of pending orders also supported the share price.

On Friday, the company informed that it has executed an engineering, procurement & construction (EPC) agreement with National Highways Authority of India for an EPC project in the state of Bihar. The project cost is worth Rs 1,900 crore, which is to be completed within 48 months.

Meanwhile, earlier this week, the company received a letter of acceptance (LOA) from Rail Vikas Nigam for a project regarding the construction of tunnels, bridges, yard, and formation works in Uttarakhand, India. This project has an estimated revenue opportunity of Rs 1,335 crore and it’s likely to be completed in the next 50 months.

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Its diversified execution capabilities and order book, which has spread over sectors such as roads & highways, mining, metro, special bridges, irrigation, airports, and tunnels is a very important growth trigger for the company in revival after the economic headwinds. Besides, its total current order book stands at Rs 26,115.2 crore.

The share price was quoted at Rs 410 on Friday, up by 1.5 per cent on BSE.