Dilip Buildcon Ltd emerges successful bidder for MPUVNL order

Dilip Buildcon Limited (the Company) has been selected as the successful bidder by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for a total capacity of 1363.55 MW AC under the Non-DCR category. This project involves the establishment of grid-connected Solar PV-based Power Plants under the Feeder Solarization component of the PM KUSUM - C (Surya Mitra Krishi Solarization). The power generated will be sold to Madhya Pradesh Power Management Company Limited (MPPMCL) for 25 years. The project will be implemented through multiple Special Purpose Vehicles (SPVs), and Dilip Buildcon Limited shall secure an EPC business opportunity valued at approximately Rs. 4900 crores (excluding GST) to be executed over the next 18 months.

Shares of Dilip Buildcon Limited was last trading in BSE at Rs. 475.00 as compared to the previous close of Rs. 458.95. The total number of shares traded during the day was 35663 in over 981 trades.

The stock hit an intraday high of Rs. 484.00 and intraday low of 457.70. The net turnover during the day was Rs. 16911716.00.

Source : Equity Bulls

Keywords

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