EPC agreement execution fails to lift shares of Dilip Buildcon

The shares of Dilip Buildcon were trading down by nearly 2 per cent, despite reporting execution of EPC agreement with Airport Authority of India. The company on Saturday released a press note which informed about the execution in Rajkot city on Gujarat.

The company has executed an EPC agreement with the Airport Authority of India (AAI) which had project cost of Rs 570.06 crore and completion period is 30 months. The project is for construction of New Greenfield Airport at Hirasar, Rajkot, Gujarat, India. The project includes detailed designing, engineering, procurement and construction of runway, basic strips, turning pads, taxiways, parallel taxi tract (PTT), apron, perimeter & other roads, earth work in cut / fill & grading, drainage system, related retaining structures, fire station, MT pool, fire pit, cooling pit, ARP & associated approaches supply, installation, testing and commissioning of airfield ground lighting system, visual aids for navigation and bird hazard reduction etc.

Last week company has reported about receiving excavation of Northern coal fields. The work was completed in nearly 75 days earlier to the scheduled completion date.

At 11.00 am stock was trading at Rs. 339.85, down by 1.88 per cent on BSE.