Dilip Buildcon is in news today after the Supreme Court confirmed the appointment of the company and VPR Mining Infrastructure.
The total contract value of the tender is Rs. 32,156.04 Crores (excluding taxes).
Thus, as the result of the said judgement, DBL-VPR Consortium has been conferred with the absolute rights to undertake the mining developer cum operator works at the Pachhwara Central Coal Block mine.
Following this news, the stock price rose to hit an intraday high at Rs.601.80, rising 9%; profit booking at this level come in and the stock is now trading at Rs.573 levels, up 3.5%.