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Dilip Buildcon gains 2% as subsidiary executes concession agreement with NHAI

The project includes six laning of Gorhar to Khairatunda section of NH-2 in the state of Jharkhand under NHDP Phase-V on hybrid annuity mode.

April 30, 2018 / 11:55 AM IST
 
 
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Shares of Dilip Buildcon rose nearly 2 percent intraday Monday as company signed concession agreement with NHAI.

The company's wholly owned subsidiary DBL Gorhar Khairatunda Highways has executed the concession agreement with the National Highways Authority of India (Ministry of Road Transport and Highways).

The project includes six laning of Gorhar to Khairatunda section of NH-2 in the state of Jharkhand under NHDP Phase-V on hybrid annuity mode.

The construction period is 24 months and operation period is 15 years from COD.

The trading window for dealing in the securities of the company by its designated employees, directors and promoters shall be closed from April 28, 2018 to May 4, 2018 (both days inclusive).

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At 11:47 hrs Dilip Buildcon was quoting at Rs 1,171.90, up Rs 9.30, or 0.80 percent on the BSE.

Posted by Rakesh Patil
Moneycontrol News
first published: Apr 30, 2018 11:55 am

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