Introduction:
A prominent realty stock, in partnership with STL Tech, has secured a ₹1,625.36 crore contract for BharatNet Phase III, a BSNL broadband project aimed at enhancing connectivity across Jammu & Kashmir and Ladakh. The 13-year initiative includes design, construction, and maintenance phases.
Share Price movement of Dilip Buildcon Ltd:
Dilip Buildcon Ltd share price showed strong movement, opening at ₹485.00, reaching an intraday high of ₹504.60, and dipping to a low of ₹480.90 before closing at ₹495.10. This marks a positive trend amidst recent project wins, reflecting market optimism.
Dilip Buildcon-STL Secure ₹1,625-Cr BharatNet Project:
Dilip Buildcon Ltd., in partnership with STL Tech, emerged as the lowest bidder for BharatNet Phase III, a broadband project by Bharat Sanchar Nigam Ltd., valued at ₹1,625.36 crore. The initiative will enhance connectivity in Jammu & Kashmir and Ladakh, focusing on both middle-mile and last-mile infrastructure.
Funded by the Universal Service Obligation Fund, the BharatNet project aims to boost rural broadband access across India. Dilip Buildcon will handle 70.23% of the project, tasked with the design, construction, operation, and maintenance over a 13-year period, including a three-year construction phase followed by a decade of maintenance.
Dilip Buildcon’s stock saw an initial 4.06% gain on the NSE, reaching ₹504.6, the highest since November 8, before stabilising at ₹494.65, up 2.01%. Over the past 12 months, its shares have increased by 31.64%, with today’s volume more than twice the 30-day average.
Recent news About Dilip Buildcon Ltd:
Dilip Buildcon Ltd recently secured a ₹1,625.36 crore contract for BharatNet Phase III, alongside STL Tech, to enhance broadband connectivity across Jammu & Kashmir and Ladakh. The project includes design, construction, and a decade of maintenance, reflecting the company’s ongoing expansion in infrastructure projects.
Stock performance of Dilip Buildcon Ltd for Period of 1 week, 6 months and 1 year:
Over the past week, Dilip Buildcon’s stock saw a slight dip of 0.74%, while in the last six months, it declined by 11%. However, its one-year performance remains positive, showing a 24.3% return, reflecting overall resilience despite recent fluctuations.
Shareholding pattern of Dilip Buildcon Ltd:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 70.15 | 70.15 | 70.15 |
| FII | 3.07 | 2.8 | 2.89 |
| DII | 9.56 | 9.21 | 9.12 |
| Retail & others | 17.22 | 17.83 | 17.85 |
About Dilip Buildcon Ltd Industries:
Dilip Buildcon Ltd, a prominent infrastructure and construction company, is engaged in executing large-scale projects across India. Specialising in roads, highways, bridges, and irrigation projects, it is known for its design, build, and operate model, and has expanded into sectors like mining, railways, and water.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
