Dilip Buildcon’s share price rose 4 percent in the opening trade on February 18 after the company announced that it has been declared the lowest bidder for a project in Gujarat.
At 09:17am, Dilip Buildcon was quoting at Rs 454.00, up Rs 19.00, or 4.37 percent, on the BSE.
In a press release, the company said it has been declared the lowest bidder for a tender floated by the Narmada Water Resources, Water Supply & Kalpasar Department, Government of Gujarat.
The project involves the construction of a flood protection embankment on the Narmada River in Bharuch district on an Engineering, Procurement and Construction (EPC) basis.
The total cost of the project is ₹702 crore, with a completion period of 24 months.
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Last week, the Petroleum and Natural Gas Regulatory Board (PNGRB) awarded the company the authorization to lay, build, operate, or expand a petroleum or petroleum product (Air Turbine Fuel/ATF) pipeline from Navgam, Gujarat, to Sardar Vallabhbhai Patel International Airport, Gujarat.
The said EPC work is valued at approximately ₹124 crore and is to be executed over a period of 24 months.
In the previous trading session, the share closed at ₹435, up ₹4.40, or 1.02 percent.
The stock had touched its 52-week high of ₹587.90 on September 24, 2025, and its 52-week low of ₹381.05 on April 7, 2025.
Currently, the stock is trading 26.01 percent below its 52-week high and 14.16 percent above its 52-week low.
The company’s market capitalisation stands at ₹7,066.35 crore.
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