This small-cap construction company receives orders worth Rs 1,955 crore!
The company has also bagged multiple orders in the financial year 2022-2023.
Dilip Buildcon Ltd informed both the exchanges (NSE & BSE) that the company has "Urga - Pathalgaon Highways Limited" wholly owned subsidiaries of the Company has executed the concession agreement with the National Highways Authority of India (Ministry of Road Transport and Highways) for a project worth Rs 1,955 crore.
The project includes the construction of a four-lane Urga - Pathalgaon section of NH-130A from Bhaisma village to Taruama village under the Bharatmala Pariyojana Raipur - Dhanbad Economic corridor the State of Chhattisgarh on hybrid annuity mode which will be completed in 30 months from the date of the agreement.
Dilip Buildcon Limited builds infrastructure facilities using the EPC model and accepts contracts from various government agencies, third parties, and special purpose vehicles promoted by the company. The term "virtual reality" refers to the process of creating a virtual reality experience.
The company reported excellent Quarterly Results, with a net profit of Rs 110 crore in Q3FY23 compared to a net loss of Rs 97 crore in Q3FY22. In addition, the company has also bagged multiple orders in the financial year 2022-2023.
Today, shares of Dilip Buildcon Ltd surged 0.27 per cent to Rs 205.75 per share from its previous closing of Rs 205.20. The stock has a 52-week high of Rs 317.35 and a 52-week low of Rs 187.40. Investors should keep an eye on this Small-Cap company.