Dilip Buildcon had hit a new high twice last week and it has begun this week too on a high note – it hit another new 52-week high at Rs.441.55.

The stock is reacting positively to the news announced today morning – the Airport Authority of India has declared Dilip Buildcon as Lowest -1 (L-1) bidder for Construction of Parallel Taxi Track and associated civil & electrical works at Dabolim Airport, Goa.  

The bid price for this contract was Rs.125 crore and the company stated that it will need to complete the construction in 2 years or 24 months.