Dilip Buildcon on good roads

Dilip Buildcon jumped up over 11.5% to hit an intraday high at Rs.390 but still a distance from its 20% UC of the day at Rs.419.10. It remains firmly in the green at Rs,372 levels.

The company announced today morning that it has received a letter of acceptance (LoA) for a Rs 1,905-crore project in Bihar.

This is for construction and upgrading of NH 131A near Narenpur to four-lane and near Purnea to two-lane standard with paved shoulders in Bihar on Hybrid Annuity Mode Project.

The completion schedule is 24 months.