Dilip Buildcon bags 3 NHAI road projects worth Rs 3,269 Crore
Highway developer Dilip Buildcon has bagged three road projects worth Rs 3,269 crore in Maharashtra from the National Highway Authority of India.
Three separate SPVs (special purpose vehicles/entities) have been incorporated into the projects, said an official statement released by the company on Wednesday, 26 April 2017.
“The company has informed about the receipt of Letter of Award from the National Highways Authority of India, Ministry of Road Transport and Highways, for three projects in a single stretch in the state of Maharashtra,” Dilip Buildcon Ltd (DBL) said in a BSE filing.
It further said: “DBL has incorporated three SPV companies for three projects valued at Rs 3,269 crore in Maharashtra.”
Earlier on Monday, the Airport Authority of India has declared Dilip Buildcon Limited, Bhopal as Lowest -1 (L-1) bidder for Construction of Parallel Taxi Track and associated civil & electrical works at Dabolim Airport, Goa.
Dilip Buildcon Ltd is currently trading at Rs 422, down by Rs 11.95 or 2.75% from its previous closing of Rs 433.95 on the BSE.
The scrip opened at Rs 437.55 and has touched a high and low of Rs 438.9 and Rs 418.25 respectively. So far 308885(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 5935.12 crore.
The BSE group ‘B’ stock of face value Rs 10 has touched a 52 week high of Rs 442.8 on 25-Apr-2017 and a 52 week low of Rs 178.6 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 442.8 and Rs 382 respectively.
The promoters holding in the company stood at 75.63 % while Institutions and Non-Institutions held 18.25 % and 6.12 % respectively.
The stock is currently trading above its 50 DMA.