Dilip Buildcon rising almost 5%

Dilip Buildcon has been on the uptake for the last two days and has gone up 5% during this period. Today, it hit an intraday high at Rs.423, going up almost 5%.

The company announced yesterday that it has received a Rs.2100 crore award from Coal India.

This is an overburden removal contract mining work for Nigahi Project at Singrauli District in Madhya Pradesh by the Northern Coalfield Limited (NCL), a subsidiary of Coal India. NCL issued Letter of Award (LOA) on November 18.

Meanwhile the company also stated that it has completed the project for four laning of Tuljapur - Ausa (Including Tuljapur Bypass) Section of NH - 361 from km 0.000 to km 55.835, under NHDP Phase - IV in the State of Maharashtra on Hybrid Annuity Mode.

The Provisional Completion Certificate has been issued by the authority and has declared the project fit for entry into operation as on November 18, 2019 and completed 184 days prior to the schedule completion date of the said Project.