Dilip Buildcon on good roads

Dilip Buildcon rose over 4% to hit an intraday high at Rs.375 though volumes were pretty muted. Its 52-week high is at Rs.441.50 and low at Rs.193.40.

Today morning, the company said that it has received a letter of acceptance (LoA) for EPC project worth Rs 1,001 crore in Rajasthan.

This is with its JV partner, Altis-Holding Corporation and the order is from National Highways Authority of India for a new EPC project.

The project entails construction of eight-lane access-controlled expressway starting new junction with NH-12 near village Ummedpura to major bridge over Takli river near Nayagoan Jaqeer village section of Delhi - Vadodara Green Field Alignment (NH-148N) in the state of Rajasthan on EPC Mode.

The total length of this expressway to be made by the company is 8.3 kms and to be completed in 30 months.