Dilip Buildcon share price touched 52-week high of Rs 587.90, rising 3.5 percent, in the early trade on September 24 after the company JV won a project worth Rs 1,115 crore.
At 09:18am, Dilip Buildcon was quoting at Rs 574.60, up Rs 19.60, or 3.53 percent, on the BSE.
The company through DBL-PSP JV (DBL 74% & PSP 26%) has declared as L-1 bidder for the tender floated by the Kerala Industrial Corridor Development Corporation in the state of Kerela.
The project include design, construction, testing, commissioning and operation & maintenance of infrastructure works at Pudussery Central & Kannambra of Palakkad Node in Kerala under extension of Chennai Bengaluru Industrial Corridor (CBIC) to Kochi via Coimbatore on EPC basis.
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In the month of August, DBL-RBL JV has received the Letter of Acceptance (LOA) of Rs 1503.63 crore for construction of Gurugram Metro Corridor between Millennium City Centre and Cyber City (26.65 Km) and Spur from Basai Village to Dwarka Expressway (1.85 Km) with total 27 stations.
In the previous trading session, the share closed at Rs 555, down Rs 4.70, or 0.84 percent.
The market capitalisation of the company stands at Rs 8,401.51 crore.
In the last 15 days, the company share price increased by 24 percent.
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