Dilip Buildcon Limited (DBL) saw its shares rise by 2% following its successful bid for the Bharat Net Phase III Broadband Connectivity Project, valued at INR 1,625.36 crore.
The DBL-STL Consortium was declared the Lowest Bidder (L1) by Bharat Sanchar Nigam Limited (BSNL) for this major project aimed at improving broadband connectivity in Jammu & Kashmir and Ladakh.
The project, funded by the Universal Service Obligation Fund (USOF), focuses on both Middle Mile and Last Mile connectivity. DBL will execute 70.23% of the work under the Design, Build, Operate, and Maintain (DBOM) model. The construction phase will last for three years, followed by a ten-year maintenance period.
As of 3:03 pm, Dilip Buildcon shares were trading 2.29% higher at Rs 496.00 on the NSE.
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