Shares of Dilip Buildcon Ltd surged by nearly 4% today following the company’s successful bid for an irrigation project worth Rs 412 crore in Madhya Pradesh. The project, awarded by the Water Resources Department of Madhya Pradesh, involves the construction of the Machhrewa Irrigation Project Dam and pressurized pipe irrigation network on a Turnkey basis.
The company, through its joint venture with Vijay Kumar Mishra Construction (VKMCPL-DBL JV), emerged as the lowest bidder for the project. The project is slated for completion within 60 months.
As of 9:42 am, Dilip Buildcon’s shares were trading 3.06% higher at ₹464.65. In a communication to the Bombay Stock Exchange (BSE), the company stated, “The project cost is Rs 412.92 crore.”
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Dilip Buildcon