Dilip Buildcon shares soared 5% in morning trade after the company received a letter of acceptance (LOA) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for an EPC project in UP.
The project involves the development of Bundelkhand Expressway Project (Package VI) from Bakhariya (Dist. Auraiya) to Kudrail (Dist. Etawah) (km 250+000 to km 295+280) access controlled (greenfield) expressway project in the state of Uttar Pradesh on EPC basis.
The total bid project cost was Rs1,362cr and the completion time is 36 months.
Stock View:
Dilip Buildcon Ltd is currently trading at Rs415 up by Rs18.85 or 4.76% from its previous closing of Rs396.15 on the BSE.
The scrip opened at Rs398.65 and has touched a high and low of Rs420 and Rs396.50 respectively. So far 4,33,335 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs5,418.13cr.
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