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Dilip Buildcon gains on emerging L-1 bidder for Indore Metro Rail project

21 Sep 2018 Evaluate

Dilip Buildcon is currently trading at Rs. 739.00, up by 3.50 points or 0.48% from its previous closing of Rs. 735.50 on the BSE.

The scrip opened at Rs. 739.00 and has touched a high and low of Rs. 755.10 and Rs. 739.00 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1248.35 on 15-May-2018 and a 52 week low of Rs. 563.10 on 25-Sep-2017.

Last one week high and low of the scrip stood at Rs. 775.00 and Rs. 726.00 respectively. The current market cap of the company is Rs. 10059.42 crore.

The promoters holding in the company stood at 75.63%, while Institutions and Non-Institutions held 15.98% and 8.39% respectively.

Dilip Buildcon has been declared L-1 (Lowest) bidder for Indore Metro Rail project, Phase-I, valued at Rs 228.96 crore by the Madhya Pradesh Metro Rail Company, Urban Administration and Development Department, Bhopal in state of Madhya Pradesh (MP).

The project is for designing and construction of Elevated Viaduct of length 5.290 km between ISBT MR10 Flyover and Mumtaj Bag Colony excluding stations for Indore Metro Rail Project, Phase 1. The construction period for the project is 27 months.

Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.

Peers
Company Name CMP
Lodha Developers 1116.00
Prestige EstatesProj 1452.45
Dilip Buildcon 406.90
DLF 664.00
Oberoi Realty 1825.20
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