Dilip Buildcon restocks after board discussion on funding boost

 Dilip Buildcon restocks after board discussion on funding boost

The company's shares have returned 78% within the previous six months.

Dilip Buildcon has received many orders in the last several months. (picture of representation)

After the business announced that its board of directors will discuss possibilities for obtaining money at a meeting on November 7, shares of Dilip Buildcon Limited traded more than a percent higher at Rs 321 on November 3 morning.

Over the last half-year, the stock has increased by 78 percent. Dilip Buildcon is a player in infrastructure; it constructs tunnels, bridges, and transportation corridors.

Over the last several months, the business has received many orders. The Bhopal-based company and the Water Resources Zone, Udaipur, Rajasthan, inked an agreement in October for a project valued at Rs 396.93 crore.

The business was given a letter of acceptance (LOA) for the Narmada Gambhir Multi Village Drinking Water Supply Scheme throughout the Ujjain district of Madhya Pradesh one month before. The letter included the engineering, purchasing, construction, testing, commissioning, trial run, operation, and maintenance. The value of the order is Rs 1,275.30 crore.

The National Highways Authority of India held a hybrid annuity tender early this year, and the business was announced as the L-1 (lowest) bidder. As part of the Bharatmala Pariyojana Phase-I in Andhra Pradesh, the business would construct a six-lane highway running from Audireddipalle to Mallapalle.

The stock was up 1.7% from the previous closing on the NSE to Rs 317 at 11:16 a.m.

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