Shares of Dilip Buildcom jumped nearly 5 per cent in intra-day trade on Friday, defying the market trend, to scale a fresh 52-week high of Rs 697 on the BSE after the firm emerged as the lowest bidder for orders worth Rs 2,241 crore. Dilip Buildcon has been declared as L-1 bidder for two new National Highways Authority of India HAM projects under Bharatmala Pariyojana, Phase I in Tamil Nadu and Puducherry for orders worth Rs 2,241 crore, the company said in a BSE filing.
The project involves four-laning of the Viluppuram Puducherry section of NH 45A (New NH 332) and Puducherry-Poondiyankuppam section of NH 45A under Bharatsnala Pariyoiana Phase I.