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.
Dilip Buildcon gained 1.98% to Rs 679.95 after the company said it has been declared as lowest (L-1) bidder for two new projects aggregating to Rs 2241 crore in Tamil Nadu and Puducherry.Dilip Buildcon has been declared as L-1 bidder for the tenders floated by the National Highways Authority of India (NHAI) on Hybrid Annuity basis in the state of Tamil Nadu and Union Territory of Puducherry.
The first project involves four laning 29 kms of Viluppuram Puducherry secton of NH 45A (New NH 332) under Bharatmala Pariyoiana Phase I. The bid project cost is Rs 1013 crore.
The second order calls for four laning 38 kms of Puducherry-Poondiyankuppam section of NH-45A under Bharatmala Pariyoiana Phase I. The bid project cost is Rs 1228 crore.
In State of Tamil Nadu and Union Territory of PuducherryDilip Buildcon has been declared as L-1 bidder for two National Highways Authority of India HAM projects under Bharatmala Pariyojana, Phase I in the state of Tamil Nadu and Union Territory of Puducherry, Order worth Rs. 2241.00 crores.
Project Details -
1. Four Laning of Viluppuram Puducherry
secton of NH 45A (New NH 332) from Km
0.000 to Km 29.000 (Design Chainage) under
Bharatmala Pariyoiana Phase I (Residual
NHDP IV work) on HAM in the State of Tamil
Nadu and Union Territory of Puducherry
Bid project cost - Rs 1013 crore
2. Four laning of Puducherry-Poondiyankuppam
Section of NH-45A from km 29.000 to km
Dilip Buildcon emerged as the L-1 bidder for two new hybrid annuity mode (HAM) projects under Bharatmala Pariyojana, Phase 1 in Tamil Nadu and Puducherry