Shares of Dilip Buildcon gained nearly 2 percent at the open on February 23 after the infra company executed a concession agreement with the Public Works Department in Goa.
At 9.20 am, the stock was trading at Rs 470.50 on the National Stock Exchange.
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Dilip Buildcon will construct observatory towers and viewing galleries including approaches, decorative lighting, parking for New Zuari Bridge on Panjim- Mangalore section in Goa. The total cost of the project is Rs 270.07 crore, the company told exchanges .
Also read: Dilip Buildcon Consolidated December 2023 Net Sales at Rs 2,876.84 crore, up 23.87% Y-o-Y
In Q3FY24, Dilip Buildcon reported a 3.2 percent year-on-year (YoY) decline in net profit at Rs 107.4 crore. Revenue grew 23.9 percent to Rs 2,876.8 crore against Rs 2,322.4 crore in the previous fiscal. The EBITDA grew to Rs 377 crore in Q3FY24, over Rs 157.2 crore in the corresponding period.
Dilip Buildcon is a Bhopal-based infrastructure and construction company.
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