Dilip Buildcon gains on new order

Dilip Buildcon has gained after 2 days of consecutive fall and today it hit an intra day high at Rs.633.20, going up around 3%. Its UC is at 10% at Rs.677.65.

The stock price has reacted positively to the news that its wholly owned subsidiary, DBL Borgaon Watambare Highways  has received an order from the National Highways Authority of India (NHAI) for Four Laning of Sangli-Solapur road.

The project cost is Rs.1029 crore and to be executed in 24 months.

The operation period is 15 years from COD.