Dilip Buildcon wins new project in the state of Andhra Pradesh
DSIJ Intelligence / 16 Dec 2016
Dilip Buildcon has informed bourses that the Ministry of Road Transport & Highways, Government of India has declared Dilip Buildcon Limited, Bhopal as the successful bidder for the project "Rehabilitation and up-gradation of Machilipatnam to Avanigadda section in the state of Andhra Pradesh under NHDP -lV through an Engineering, Procurement and Construction contract.
Dilip Buildcon has informed bourses that the Ministry of Road Transport & Highways, Government of India has declared Dilip Buildcon Limited, Bhopal as the successful bidder for the project "Rehabilitation and up-gradation of Machilipatnam to Avanigadda section in the state of Andhra Pradesh under NHDP -lV through an Engineering, Procurement and Construction contract. The total cost of project is around 260.10 crore having length of 34.400 km and completion period of the project is 24 months.
On December 14, the company has incorporated a company named DBL Kalmath Zarap Highways Limited, for Rehabilitation and up-gradation of NH-66 in the state of Maharashtra and the cost of the project is Rs 914 crore.
The shares of the company in the last three months have fallen by five per cent. However, the shares on December 16 are expected to spice up owing to new project won. Fifty-two-week high/low of the company stands at 231.90/178.60.
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