This small-cap construction company receives orders worth Rs 1947.06 crore!
The company has also bagged multiple orders in the financial year 2022-2023.
Dilip Buildcon Ltd informed both the exchanges (NSE & BSE) that the company has received the letter of acceptance (LOA) from Madhya Pradesh Jal Nigam Mayardit, Bhopal (M.P) (Authority). The project is worth Rs 1947.06 crore.
The project includes engineering, procurement & construction (EPC), testing commissioning, trial run and operation and maintenance of various components of Rewa Bansagar MVS, District Rewa in a single package on a turnkey job basis including trial run and operation & maintenance of the entire water supply scheme for 10 years.
Dilip Buildcon Limited develops infrastructure facilities using the EPC model and accepts contracts from various government agencies, third companies and special purpose vehicles that the company promotes. From the States of Uttar Pradesh and Karnataka, the business acquired certification of the project’s completion.
The company reported excellent results in its Quarterly Results wherein net profit was recorded at Rs 110 crore in Q3FY23 compared to a net loss of Rs 97 crore in Q3FY22. The company has also bagged multiple orders in the financial year 2022-2023.
Today, the shares of Dilip Buildcon Ltd surged 3.64 per cent to Rs 211.55 per share from its previous closing of Rs 207.75. The stock has a 52-week high of Rs 318.80 and a 52-week low of Rs 187.40. Investors should keep an eye on this Small-Cap company.