Dilip Buildcon inks agreement with PWD in Goa

23 Feb 2024 , 12:43 PM

Dilip Buildcon shares rose roughly 2% at the open on February 23, following the execution of a concession deal with Goa’s Public Works Department. 

At 9.20 a.m., the stock was trading at ₹470.50 on the National Stock Exchange.

Dilip Buildcon will build observatory towers and observation galleries, as well as approaches, ornamental lighting, and parking, for the New Zuari Bridge on the Panjim-Mangalore portion of Goa. According to the firm, the project would cost ₹270.07 Crore.

Dilip Buildcon’s net profit in Q3FY24 fell 3.2% year on year (YoY) to ₹107.4 Crore. Revenue increased by 23.9% to ₹2,876.8 Crore from ₹2,322.4 Crore in the previous fiscal. EBITDA increased to ₹377 Crore in Q3FY24, up from ₹157.2 Crore in the same quarter.

Dilip Buildcon is a Bhopal-based infrastructure and construction firm. Dilip Buildcon Limited (DBL) is an Indian construction and infrastructure development business headquartered in Bhopal. It was formed in 1987 by Dilip Suryavanshi and was registered with the Ministry of Corporate Affairs on June 12, 2006.

However, later in the day, the counter fell about 1%.

At around 12.39 PM, Dilip Buildcon was trading 0.99% lower at ₹460.95, against the previous close of ₹465.55 on NSE. The counter rose to an intraday high of ₹477 today.

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