Markets
BSE See NSE See 36,578.96
192.35 (0.53%)
collapse Related Readings collapse

Dilip Buildcon earns early completion bonus

By Amir Shaikh | 4/5/2017 12:07 PM Wednesday

Dilip Buildcon has received the provisional completion certificate as declaration of commercial operation date (COD), prior to the scheduled completion date for the two projects (development of Patan-Tendukheda-Rehli Road section of the state highway no 15 in Madhya Pradesh and upgradation of Jabalpur-Mandla-Chipli section NH-12A in Madhya Pradesh), respectively. Consequently, the company is entitled to a cumulative maximum bonus amount of Rs 42.18 crore on account of earlier completion of the said projects.

Furthermore, on April 3, 2017, the company received the provisional completion certificate as declaration of Commercial Operation Date (COD), 100 days prior to the scheduled completion date for the projects of rehabilitation and upgradation of existing road to two lanes with paved shoulder as cement concrete pavement configuration Katni-Shahdol-Anuppur to MP/Chhattisgarh Border (NH-78).

Hence, the company is entitled to maximum bonus of Rs 10.20 crore on account of obtaining provisional completion certificate/commercial prior to scheduled completion date.

The company has earned early completion bonus of Rs 220.6 crore as of June 2016. As per company, it has executed ~90 per cent projects before time.

The company has a strong order book of ~Rs 13,600 crore and in addition to these, company has recently won two HAM and EPC projects worth Rs 4180 crore and Rs 1083.6 crore, respectively.

 

Find More Articles on: Markets, DSIJ Mindshare, Product, Large Cap

news letter

More for the early bird.

Get the post-market reports and breakfast news right in your inbox. See latest »

DSIJ Mindshare

12345678910Last

Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Logistics sector will play a vital role in making the concept of ‘Make in India’ a success. This will be further aided by some of the recent steps taken by Government of India such as granting of infra sector status to logistics sector.

Best and worst Performing Sector Funds of Year 2017

Best and worst Performing Sector Funds of Year 2017

As the year-end has approached most of you are eager to know the mutual fund movers and shakers of the year 2017. Read on to find the performance of various sector dedicated funds.

Markets may start positive, but volatility likely due to F&O expiry

Markets may start positive, but volatility likely due to F&O expiry

The start of the F&O expiry day is likely to be in the green, but volatility may creep in with the progress of the session. The SGX Nifty suggests that the Nifty could open at 10,525 with gains of 32 points at the opening bell. 

Pidilite announces buyback of Rs 500 crore

Pidilite announces buyback of Rs 500 crore

The buyback offer comprises purchase of up to 50,00,000 equity shares. The buyback offer size comprises 0.975 per cent of the total paid-up equity capital of the company.

Bank Nifty drags markets to close in the red

Bank Nifty drags markets to close in the red

The late session fall in Bank Nifty changed the direction of the market, leading to a marginal fall in the benchmark indices. Bank Nifty yet again resisted at its multiple point downward sloping trendline level at 25733.

Six major underperforming MF schemes having higher expense ratios

Six major underperforming MF schemes having higher expense ratios

Mutual funds with a large size of assets under management (AUMs) are supposed to have lower expense ratios. However, there are schemes with large AUMs but having higher expense ratios and generating lower returns. 

Nifty Pharma supports market; Sun Pharma at bullish reversal

Nifty Pharma supports market; Sun Pharma at bullish reversal

Nifty Pharma index has come in as the healer in an otherwise sluggish market. Index has given a consolidation breakout at the 9420 level today and if the it sustains 9420, followed by 9628 on the upside, it has a long way to go.

Ten stocks close to their 52-week low

Ten stocks close to their 52-week low

Following stocks are close to their 52-week low as at 12.35 p.m. on December 27.

Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

The markets on December 27 opened gap down. BSE Sensex is trading at 34,068.15, up by 57.54 points and the Nifty is trading at 10,539.45, up by 7.95 points.

Five stocks with selling interest

Five stocks with selling interest

Overall volumes in futures & options currently stand at 62.75 lakh contracts with a turnover of Rs. 5,19,204.72 crore.