Dilip Buildcon gains 2% after bagging dam project

Dilip Buildcon shares gained 2 percent intraday on July 30 as the construction company bagged order to construct a dam in Jharkhand.

The stock rallied 28 percent in the last six months. It was quoting Rs 420.60, up Rs 3.70, or 0.89 percent on the BSE at 1113 hours.

"Company has been declared L-1 bidder for the project 'construction of Kharkai Dam at Icha with all control gates and its allied works including civil, mechanical (with design of gates), electrical and SCADA System under SMP in Jharkhand," Dilip Buildcon said in its BSE filing.


The company further informed exchanges that it has been declared L-1 bidder by the Water Resources Department for the project in Jharkhand.

related news

Rate sensitive stocks trade mixed after RBI cuts interest rate by 35bps; Bank Nifty turns positive

JSW Energy gains 4% on strong Q1 show

Cox & Kings hits all-time low on another payment default; falls 96% in 1-yr

In addition, its wholly-owned subsidiaries DBL Sangli Borgaon Highways Private Limited and DBL Mangalwedha Solapur Highways Private Limited received the appointed date i.e May 23, 2019, from the National Highways Authority of India.

Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more. First Published on Jul 30, 2019 11:29 am

tags #Buzzing Stocks #Dilip Buildcon


Social sharing:

Leave a comment