Dilip Buildcon Limited receives LOA for new HAM project in Karnataka

Dilip Buildcon Limited has received letter of acceptance (LOA) on August 26, 2020 from the National Highways Authority of India for new HAM project in the state of Karnataka.

The HAM project is for '4 laning from km. 42.000 to km. 80.00 of Dodaballapur Bypass to Hoskote section of NH-648 (Old NH-207) on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnataka (Package-II)'.

The bid project cost is Rs. 1278 crore. The completion period is 24 months and operation period is 15 years from COD.

Shares of Dilip Buildcon Ltd was last trading in BSE at Rs.392.3 as compared to the previous close of Rs. 388.35. The total number of shares traded during the day was 10800 in over 476 trades.

The stock hit an intraday high of Rs. 401.9 and intraday low of 387. The net turnover during the day was Rs. 4272860.

Source : Equity Bulls

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