Dilip Buildcon hit a day high of ₹413.75 on 11 November after the firm emerged as the lowest bidder for a ₹901.43 crore Srinagar project.

The company told exchanges it has been declared the lowest bidder, known in the trade as L1, for a township job in Srinagar, Jammu and Kashmir.

The tender came from NBCC (India) Limited, a government-owned construction firm.

The work covers Phase I, Package 3 of the Satellite Township at Rakh Gund Aksha in Bemina.

It involves group housing and related works. The bid value is ₹901.43 crore, including GST.

Dilip Buildcon would handle design, buying of materials and construction under an EPC contract.

Put simply, one company runs the whole job, from planning to finished buildings. It gets 24 months to build, then looks after operation and maintenance for two years.

The lowest bidder is normally first in line for the award, but that is not the same as a signed contract. The filing does not confirm a final award yet.

The company also said its promoters and promoter group have no interest in NBCC, and that the deal is not a related-party transaction. This is not the only recent project.

On 29 October, the firm reported a ₹688.23 crore elevated corridor project in Solapur, Maharashtra. Add the Srinagar bid and the two projects are worth about ₹1,590 crore.

More company news is close. The board meets on 12 November to approve results for the quarter and half year ended 30 September, and an investor call follows at 6:00 pm.

At 14:24 pm on NSE, the stock traded at ₹403.75, up ₹2.65 or 0.66% from the previous close of ₹401.10.

The day’s range so far was ₹401 to ₹413.75. The stock is still down 14.80% this year.

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