Dilip Buildcon shares gained 3% on 10 October after the company announced securing a project in the Gogunda District in Udaipur, Rajasthan.

The company has entered into an agreement with the Water Resources Zone in Udaipur, Rajasthan, for the planning, designing and construction of Dewas III and IV dams in Gogunda Tehsil on an engineering, procuring, and constructing (EPC) single-responsibility turnkey basis and also consists of 10 years of operation and maintenance.

The total cost of the project is Rs 396.93 crore and is expected to be completed within 44 months. 

In September, the JV (joint venture) between the company and Patel Engineering Ltd received an LoA (Letter of Acceptance) for a new project for engineering, procuring, constructing, testing, commissioning, and trail run of Narmada Gambhir Multi Village Drinking Water Supply Scheme District Ujjain in a single package on turnkey basis, the project also includes 10 years of operations and maintenance. The total order value of the project is Rs 1,275.30 crore, and has to be completed within 24 months. 

At 11:16 am, the shares of Dilip Buildcon were trading at Rs 315.80 or 2.28% above its previous close on NSE.