Dilip Buildcon surged 8.06% to Rs 856.95 at 11:37 IST on BSE after the company announced that it has emerged as the lowest bidder for mining project valued at Rs 717.45 crore.
The announcement was made during market hours today, 2 August 2018.Meanwhile, the S&P BSE Sensex, was down 200.58 points or 0.53% to 37,321.04
On the BSE, 1.17 lakh shares were traded on the counter so far as against average daily volumes of 59,000 shares in the past two weeks. The stock had hit a high of Rs 869.80 and a low of Rs 818 so far during the day. The stock had hit a record high of Rs 1,248.35 on 15 May 2018 and a 52-week low of Rs 493 on 11 August 2017.
The large-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10.
Dilip Buildcon said that the company has been declared lowest (L-1) bidder for a new over burden removal contract mining project valued at Rs 717.45 crore (excluding GST) by the Northern Coalfield (NCL), a subsidiary of Coal India, Jayant OCP Proiect Singrauli in Madhya Pradesh. The period of work is 36 months.
Dilip Buildcon's net profit rose 11.03% to Rs 217.36 crore on 46.14% growth in net sales to Rs 2557.88 crore in Q4 March 2018 over Q4 March 2017.
Dilip Buildcon is a road-focused engineering, procurement and construction (EPC) contractor.
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