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Dilip Buildcon rises 3% on LoA from NHAI worth Rs 1,314 cr

The company has received letter of award worth of Rs 1313.90 for a new hybrid annuity project in the state of Karnataka.

June 04, 2018 / 11:02 AM IST
IRB Infrastructure Developers  | In 2020 so far, the share price has moved up 76 percent to Rs 131.20. It's trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple.

IRB Infrastructure Developers  | In 2020 so far, the share price has moved up 76 percent to Rs 131.20. It's trailing twelve months (TTM) P/E was 6.40 multiple while 5-year average P/E was 8.30 multiple.

 
 
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Share price of Dilip Buildcon rose 3.6 percent intraday Monday as company received letter of award from National Highways Authority of India (NHAI) for a project in the state of Karnataka.

The company has received letter of award worth of Rs 1313.90 for a new hybrid annuity project in the state of Karnataka.

The project includes four laning of Bellary to Byrapura section of NH-150A on hybrid annuity mode under Bharatmala Pariyojana in the state of Karnataka on Hybrid Annuity Mode Pkg - I.

The construction period is 24 months and operation period if 15 years.