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Dilip Buildcon Limited declared L1 bidder for 2 new HAM projects

Dilip Buildcon Share Price News: Dilip Buildcon Surges On Emerging Lowest Bidder For Two Highway Projects

Dilip Buildcon climbs on emerging L-1 bidder for two HAM projects

Dilip Buildcon rose 3.43% to Rs 651.75 after the company said it was declared as the lowest (L1) bidder for two tenders floated by the National Highways Authority of India on hybrid annuity basis (HAM) in Karnataka.The scope of first project involves four laning Bangalore to Malur section of Bangalore Chennai Expressway on HAM under Bharatmala Pariyojna. The bid project cost is Rs 1,160 crore and it is to be completed in 24 months. The length of the project is 27.10 kilometre with an operation period of 15 years. The second project is for four laning of expressway from Malur to Bangarpet on Bangalore Chennai Expressway on HAM under Bharatmala Pariyojna. The bid project cost is Rs 1279 crore and the project is to be completed in 24 months. The length of project is 27.10 kilometres with an operation period of 15 years.

Market trades with decent gains

The domestic equity benchmark was trading with decent gains in mid-afternoon trade. The index continued to hold above the 50,000 mark. Trading has been halted on the National Stock Exchange (NSE) due to technical glitches. At 14:27 IST, the barometer index, the S&P BSE Sensex, jumped 270.34 points or 0.54% to 50,021.75. In the broader market, the S&P BSE Mid-Cap index rose 0.70%. The S&P BSE Small-Cap index gained 0.66%. The market breadth was strong. On the BSE, 1705 shares rose and 1143 shares fell. A total of 159 shares were unchanged. NSE Update: Trading has been halted on NSE due to technical glitches. In a tweet, NSE India on Wednesday notified: NSE has multiple telecom links with two service providers to ensure redundancy. We have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system.

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