Dilip Buildcon surges 7% after emerging as L-1 bidder for road project

The company’s bid price for the project was Rs480.06cr.

Mar 11, 2019 10:03 IST India Infoline News Service

Shares of Dilip Buildcon spurted 7% on Monday after the company emerged as the lowest bidder for road project of National Highway Authority of India.

The work includes 4 Laning of Saoner-Dhapewada-Kameshwar-Gondkhairi, NH-54 E, from 4.70km to 33.575km in Maharashtra on EPC mode, the company said in a press note after markets hours  to the exchanges on Friday.

The company’s bid price for the project was Rs480.06cr. The completion period for the project is 24 months.
Dilip Buildcon Ltd's share price is currently at Rs596.60, up by Rs36.25 or 6.47%, from its previous close of Rs560.35 on the BSE.
The scrip opened at Rs568 and has touched a high and low of Rs600.90 and Rs568, respectively. So far, 9,02,792 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs7,663.89cr.

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