This small-cap construction company receives orders worth Rs 1,373.6 crore!
The company reported excellent results in its quarterly results wherein net profit was recorded at Rs 13 crore in Q2FY23 compared to a net loss of Rs 445 crore in Q2FY22.
One of the leading EPC (Engineering Procurement and Construction) companies, Dilip Buildcon Ltd finally receives an order receipt worth Rs 1,373.6 crore for two (2) HAM projects "Bengaluru - Vijayawada" under Bharatmala Pariyojana Phase (Package - I and Package - 4) in the State of Andhra Pradesh. Recently, the business disclosed to the exchange that it was the L-1 bidder and ultimately won the project.
The project includes 2 orders: -
Order No-1: The construction of a 24.3 km long, six-lane, access-controlled greenfield highway in the state of Andhra Pradesh from Odulapalle to Nallacheruvu-Palli is part of Package 4 of the Bhamtmala Pariyojana Phase-I and which will cost Rs 774.10 crore and finished in the upcoming 24 months.
Order No-2: Development of a six-lane, access-controlled Greenfield Highway in Bengaluru that runs from Kodur to Vanavolu. For a length of 24.3 km of road to be finished in the upcoming 24 months, the Vijayawada Economic Corridor on hybrid annuity mode (HAM) under Bharatmala Pariyojana Phase-l in the State of Andhra Pradesh which will cost Rs 599.90 crore.
Dilip Buildcon Limited develops infrastructure facilities using the EPC model and accepts contracts from various government agencies, third companies and special purpose vehicles that the company promotes. From the States of Uttar Pradesh and Karnataka, the business acquired certification of the project’s completion.
The company reported excellent results in its Quarterly Results wherein net profit was recorded at Rs 13 crore in Q2FY23 compared to a net loss of Rs 445 crore in Q2FY22. Today, shares of Dilip Buildcon Ltd surged 0.51 per cent to Rs 212 per share from its previous closing of Rs 210.95. Investors should keep an eye on this Small-Cap company.