Dilip Buildcon wins project worth Rs 1470cr; shares gains 2%

Moneycontrol BureauShares of Dilip Buildcon (DBL) rose 2.2 percent intraday Friday on the back of project win worth Rs 1469.84 crore.The Northern Coalfields (MP) has declared the Dilip Buildcon's JV DBL-DECO as the successful bidder for a project of Rs 1469.84 crore.The project includes, excavation of overburden of first dig (Solid) & re-handling by mechanical means at specified places at Nigahi OCP of NCL.Earlier in this month, the company had bagged a project worth Rs 541.08 crore from Western Coalfield, Nagpur, Maharashtra.At 11:08 hrs Dilip Buildcon was quoting at Rs 204.85, up Rs 3.15, or 1.56 percent on the BSE.Posted by Rakesh Patil