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Last Updated : Mar 30, 2017 11:57 AM IST | Source: Moneycontrol.com

Dilip Buildcon rises 3% on NHAI orders worth Rs 3269 crore

The construction period for all three projects is 30 month.

 
 
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Shares of Dilip Buildcon gained 3 percent intraday Thursday as it has bagged three project from National Highways Authority of India (NHAI) in the state of Maharashtra.

The company has received Letter of Award (LoA) from the NHAI (Ministry of Road Transport & Highways, Government of India) for three projects in a single stretch in the state of Maharashtra.

The projects includes, four laning of Mahagaon to Yavatmal section of NH-361 in the state of Maharashtra under NHDP Phase IV on Hybrid Annuity mode at a project cost of Rs 1160.64 crore.

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The second project is four laning of Yavatmal to Wardha section of NH-361 in the state of Maharashtra under NHDP Phase IV on Hybrid Annuity Mode at a project cost of Rs 1043.28 crore.

And the third project is four laning of Wardha-Butibori section of NH-361 under NH (O) in the State of Maharashtra on Hybrid Annuity Mode at a project cost of Rs 1065.51 crore.

The construction period for all three projects is 30 month.

At 09:20 hrs Dilip Buildcon was quoting at Rs 350.10, up Rs 8.60, or 2.52 percent on the BSE.

The campany has given more than 56 percent return in the last three months.

Posted by Rakesh Patil

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First Published on Mar 30, 2017 09:31 am
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