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.