Dilip Buildcon on good roads

Dilip Buildcon opened almost 1% lower at Rs.661.85 but from there, zoomed up to hit a new high at Rs.697 and is now trading over 3% up at Rs.688 levels.

The stock is up after it announced today morning that it has been declared as L-1 bidder two new Hybrid Annuity Basis (HAM) projects under Bharatmala Pariyoiana, Phase I ln the state of Tamil Nadu and Union Territory of Puducherry. These two orders are worth Rs.2241 crore.

One is for four laning of Viluppuram Puducherry section of NH 45A (New NH 332) of 29 kms length. This order is worth Rs.1013 crore and needs to be completed in 24 months.

The second one is again four laning but of Puducherry-Poondiyankuppam Section of NH-45A fof 38 kms length. This order is worth Rs.1228 crore and needs to be completed in 24 months.