Dilip Buildcon shines on completion of project
DSIJ Intelligence / 09 Mar 2017
Dilip Buildcon’s SPV, DBL Hata Dargawon Tollways has received the provisional completion certificate as the Commercial Operation Date (COD) for the Project of Hatta-Fathepura- Rajpura - Silapuri - Banjna - Darguwa, a State Highway No. 48, operated on a BOT (Toll + Annuity) basis, has been declared.
Dilip Buildcon’s SPV, DBL Hata Dargawon Tollways has received the provisional completion certificate as the Commercial Operation Date (COD) for the Project of Hatta-Fathepura- Rajpura - Silapuri - Banjna - Darguwa, a State Highway No. 48, operated on a BOT (Toll + Annuity) basis, has been declared.
The project cost was Rs 74.25 crore. The company has completed the project 400 days ahead of scheduled completion date. It is entitled to receive maximum bonus amount of Rs 15.38 crore from the Madhya Pradesh Road Development Corporation.
Dilip Buildcon’s revenue has increased 41.88 per cent to Rs 1389 crore in Q3FY17 as compared to same period in previous financial year. The company’s operating profit too has risen 46.62 per cent to Rs 278 crore in Q3FY17 on a yearly basis. Its net profit boosted two folds to Rs 108 crore in Q3FY17 as compared to same period in previous fiscal.
The stock price of Dilip Buildcon increased 1.57 per cent in early trade, and is trading at Rs 317.75 on an intraday basis.
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