The project will be executed on Hybrid Annuity Mode in the state of Andhra Pradesh
Dilip Buildcon Ltd’s order book stood at Rs12,357cr as of Q3FY18, which was 2.4x its trailing twelve months revenues. DBL has guided for order inflows of Rs8,000-10,000cr in FY18E, on the back of strong ordering of around Rs1.4lakh cr from NHAI. The company has already received orders worth Rs3,500cr as of Q3FY18 end. We expect the company’s order book to report annual compounded growth of 15% over FY18-20E.
Dilip Buildcon Ltd is currently trading at Rs945.20 up by Rs5 or 0.53% from its previous closing of Rs940.20 on the BSE.
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