In a noteworthy move, Dilip Buildcon’s stock rose by almost 2% today on the company’s announcement that it had received a sizable order from Haryana Rail Infrastructure Development Corporation Limited. The company’s successful bid to build railway lines in the state was revealed in the statement on Monday, April 8.
The order, which is worth 1,092.46 crore, covers the planning and building of a 21.14 km railway line in Haryana that runs between Prithla and Dhulawat. This large-scale project includes installing ballastless track, building a bridge and performing civil works.
According to a regulatory filing by Dilip Buildcon, the company has been declared as the L-1 bidder for the tender floated by Haryana Rail Infrastructure Development Corporation Limited on an EPC (Engineering, Procurement, and Construction) mode basis in the state of Haryana.
As of 10:48 am, Dilip Buildcon’s shares were trading 1.62% higher at ₹477.05 on the NSE.
