Dilip Buildcon Ltd receives LOA from Mahanadi Coalfield Ltd for mining project in Odisha

Dilip Buildcon Ltd has received the letter of acceptance (LOA) from Mahanadi Coalfield Limited (MCL) on March 04, 2021, for MDO Contract for the Development and operation of SIARMAL Open Cast Project in the state of Odisha.

The project is for Mine Developer cum Operator for Development and Operation of Siarmal Open Cast Project in Sundergarh district of Odisha.

The contract value is Rs. 36,419.07 crore (including GST) and the contract period is 25 years.

The mine reserve is 1091 Million Metric Tons.

Shares of Dilip Buildcon Ltd was last trading in BSE at Rs.703.7 as compared to the previous close of Rs. 655.4. The total number of shares traded during the day was 103708 in over 4154 trades.

The stock hit an intraday high of Rs. 719 and intraday low of 620.5. The net turnover during the day was Rs. 70368963.

Source : Equity Bulls

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