Dilip Buildcon reports an increase of 3 per cent post order

Dilip Buildcon informed the exchanges about receiving an order of Rs. 2,122.74 crores from Northem Coalfields Limited (NCL), which is a subsidiary of Coal India Limited. Reacting to the news, the stock of the company increased by 3 per cent during Tuesday trading session.

The letter of award has been given to Dilip Buildcon for removal of over burden at Nigahi OCP located in Madhya Pradesh. It consists of excavation of over burden of first dig (solid) by mechanical means, such as excavators, dumpers or tippers, drills, dozers, graders and water sprinklers for composite work, consisting of blast hole drilling, excavation, loading, transportation of broken rocks soil earth, unloading or dumping, spreading, dozing, water sprinkling, and grading, as per instructions of the engineer-in-charge at specified places at Nigahi OCP of NCL located in Singrauli District in Madhya Pradesh.

Also, Dilip Builcon’s project of Four Laning of Tuljapur - Ausa (Including Tuljapur Bypass) Section of NH - 361 under NHDP Phase - IV in Maharashtra on Hybrid Annuity Mode has been provisionally completed. The Provisional Completion Certificate has been issued by the authority and has declared the project fit for entry into operation as on November 18, 2019, and completed 184 days prior to the schedule completion date of the said project.

On Tuesday, the stock of the company closed at Rs. 415.45, up by 2.86 per cent or Rs. 11.55 per share. The 52-week high is Rs. 733.85 and 52-week low is Rs. 311.55 on BSE.