The Dilip Buildcon has been declared as the lowest bidder for the construction project by NHAI in Maharashtra to built the lane of the national highway -547E at a cost of Rs. 480.06 crore.
The complete cost of the project stands at was 860.10 crores. The construction period of the project has been set to about 730 days from an appointed date. The operation for the period is 15 years from COD.
Dilip Buildcon consists of different business infrastructure facilities on the basis of engineering procurement and construction. The purpose of the company is to undertake contracts from various government and other parties. The company is operational in construction and engineering contracts segment, therefore the business of real estate concerning construction and development is at a potential stage.
After the news broke out Dilip Buildcon share price rose 7.46% to Rs 600.60 at the time of writing this report. Dilip Buildcon share price has fallen approx. 39 per cent during the last one year and gained approx. 43 per cent since the beginning of this year.