Dilip Buildcon JV bags highway project worth Rs 1,900 crore

Dilip Buildcon announced that its joint venture was declared as the L-1 bidder for the tender floated by National Highways Authority of India (NHAI) for a highway project in Jharkhand and Bihar.

In an exchange filing made on Tuesday, the company mentioned that the cost of the bid project is Rs 1,900.08 crore and the time period for the completion of the project, covering a length of 21.685 km, is 48 months.

The project is to be executed on an engineering, procurement and construction (EPC) basis, pertaining to the construction of a new link NH-133B from Sahibganj bypass in Jharkhand, including Ganga Bridge stretch and Manihari bypass as well as the widening of NH-131A stretch in Bihar.

As of March 2020, the company’s order book stood at Rs 19,081.6 crore with around 64 per cent of the order book relating to the roads’ segment. A further 45 per cent of its total order book has come from NHAI. The latest order adds to the company’s robust order book.

Dilip Buildcon Ltd has added 6.8 per cent over the last one month as compared to 0.79 per cent decline in S&P BSE India Infrastructure index and 8.44 per cent rise in Sensex.

The stock of Dilip Buildcon was trading at Rs 284.95 on Wednesday, up by 0.56 per cent or Rs 1.60 per share. The 52-week high is recorded at Rs 477.40 and the 52-week low is Rs 193.40 on BSE.