Dilip Buildcon in the limelight

Dilip Buildcon is in the limelight today, going up 5% to Rs.371.85. Its 52-week high and low is at Rs.1248.35 and Rs.311.55 respectively.

The stock price has gone up after the company stated that it has completed rehabilitation and up-gradation of NH-18 (New NH-40) from 108km/850km to 160km/200km (Rayachoty to Kadapa section) in Andhra Pradesh.

The company has received the Provisional Completion Certificate by the authority on February 11, 2019 and has declared the project fit for entry into commercial operation as on September 10, 2018.

Consequently, the company is entitled to maximum bonus of Rs.3.56 crore in lieu of earlier completion, which is 60 days prior to the schedule completion date of the said Project.