Dilip Buildcon Ltd declared L1 bidder for Bangalore-Chennai Expressway in Andhra Pradesh

Dilip Buildcon Ltd has been declared as L-1 bidder for the tender floated by the National Highways Authority of India on Hybrid annuity basis in the state of Andhra Pradesh.

The project is for construction of Expressway 4-lane Bangalore-Chennai from Km 127.000 [Bangarupalem) to Km 156.000 (Gudipala) section in the State of Andhra Pradesh under Bharatmala on Hybrid Annuity Mode (Phase II / Package III).

The bid project cost is Rs. 1050.00 crores. 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.666.75 as compared to the previous close of Rs. 644.15. The total number of shares traded during the day was 42878 in over 2045 trades.

The stock hit an intraday high of Rs. 674.1 and intraday low of 648. The net turnover during the day was Rs. 28528452.

Source : Equity Bulls

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