Dilip Buildcon completes Seoni- MP/MH border project; stock ends 3% higher

The Provisional completion certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on February 06, 2021.

February 08, 2021 3:47 IST India Infoline News Service

Dilip Buildcon Limited has informed that the project "Four laning of Delinked stretch of seoni-MP/MH Border of NH-7 from Km 624.480 to Km. 653.225 under phase- II on EPC Mode; in the state of Madhya Pradesh" has been provisionally completed.

The Provisional completion certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on February 06, 2021.

The details of the project are:

The appointment date was 10.08.2018 under the name of "Four laning of Delinked stretch of Seoni-MP,/MH Border of NH-7 from Km 624.480 to Km.653.225 under Phase-ll on EPC Mode in fte state of Madhya Pradesh" worth Rs730cr. The scheduled period for completion is 730 days from the Appointed date.

The scheduled completion date was 08.08.2020.

As per amendments, revised scheduled completion date is 07.02.2021 (EOT for 6 Months on account of covlD -19) and Provisional Completion date will be 06.02.2021.

Dilip Buildcon Ltd ended at Rs503.55 apiece up by Rs14.75 or 3.02% from its previous closing of Rs488.80 on the BSE.

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