Dilip Buildcon receives LoA for EPC project, shares up 2 per cent

Dilip Buildcon has received the letter of acceptance (LoA) from the Ministry of Road Transport & Highways, New Delhi for a new EPC project in the state of Karnataka.

The project’s scope includes the construction of extra-dosed Bridge across Sharavathi Backwaters and approaches between Ambargodu and Kalasavalli of NH-369E in Karnataka. The bid project cost is Rs. 360.09 crore and the completion period is 36 months.

Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialise in constructing state and national highways, city roads, culverts and bridges.

Recently, Dilip Buildcon's wholly-owned subsidiary, DBL Gorhar Khairatunda Highways has received the appointed date, i.e July 19, 2019 by the National Highways Authority of India (NHAI) for six-laning of Gorhar to Khairatunda section of NH-2 from Km.

The shares of the company on Thursday opened at Rs. 414 against Wednesday’s close of Rs. 410.85. At 11:04 hours, it was trading at Rs. 410 per share, 0.21 per cent lower than its previous close. The company hit an intraday high of Rs. 418 and intraday low of Rs. 405.95. Its 52-week high was Rs. 915 and 52-week low was Rs. 311.55 per share on the BSE.