Dilip Buildcon shares gain 3% on winning Rs 1,092.46-core project

The share price of Dilip Buildcon rallied 3 percent in early trade on April 9 after the company declared as lowest bidder by the Haryana Rail Infrastructure Development Corporation.

At 9:26am, Dilip Buildcon was quoting Rs 484.35, up Rs 14.70, or 3.13 percent, on the BSE.

The contract is for new BG Double Railway Line of HORC project between stations Prithla and Dhulawat for design, supply, installation, testing and commissioning of general electrical services for total length of 21.14 km on the EPC mode.

The bid project cost, including GST, is Rs 1,092.46 crore and to be completed in 36 months.

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In February, the company executed a concession agreement with the Public Works Department in Goa for construction of observatory towers and viewing galleries including approaches, decorative lighting, parking for New Zuari Bridge on Panjim- Mangalore section in Goa. The total cost of the project is Rs 270.07 crore.

The share touched a 52-week high of Rs 504.45 and a 52-week low of Rs 159.70 on February 19, 2024 and May 19, 2023, respectively. Currently, the stock is trading 3.98 percent below its 52-week high and 203.29 percent above its 52-week low.

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