This construction company got approval for Rs 3544 crore orders from NHAI under the Bharatmala Pariyojana Scheme!
In 1 month, the stock is up 10.51 per cent while in 6 months, the stock is up 24.81 per cent respectively.
Today, shares of Dilip Buildcon Ltd (DBL) are trading at Rs 244 apiece, up by 6.46 per cent. Recently, the company won 2 large orders of Rs 1955 crore and Rs 1589 crore respectively from the National Highways Authority of India (NHAI) under the Bharatmala Pariyojana Scheme.
The construction includes the building of 4 lane road (length – 87.55 km) from Urga to Pathalgaon in Chhattisgarh State and 6 lane road (length – 65.50 km) from Maradgi Angola to Baswantpur in Karnataka State. In addition, each project will be completed in 15 years under the hybrid annuity mode.
Dilip Buildcon Ltd is currently engaged in the development of engineering, procurement & construction (EPC) infrastructures and has entered into contracts with various governments and other parties as well as special purpose vehicles promoted by the company. The company announced positive results in its quarterly and annual financial statements. In Q2FY22, the company reported a net loss of Rs 445 crore, it increased significantly to 103 per cent and posted a net profit of Rs 13 crore in Q2FY23.
The shareholding pattern of the company consists of 70.15 per cent promoter, 6.31 per cent FIIs, 9.12 per cent DIIs and 14.42 per cent public ownership. In 1 month, the stock is up 10.51 per cent while in 6 months, the stock is up 24.81 per cent respectively. Investors should keep an eye on this stock.