Bangarupalem Gudipala Highways Ltd achieves financial closure

Bangarupalem Gudipala Highways Limited, wholly owned subsidiary of Dilip Buildcon Limited has received the financial closure letter from the National Highways Authority of India for the project "Construction of 4 lane Bangalore-Chennai Expressway 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. 1060.00 crores. The completion period is 24 Months and operation period is 15 years from COD.

Shares of Dilip Buildcon Limited was last trading in BSE at Rs. 201.75 as compared to the previous close of Rs. 196.35. The total number of shares traded during the day was 63152 in over 2074 trades.

The stock hit an intraday high of Rs. 206.15 and intraday low of 198.95. The net turnover during the day was Rs. 12811032.00.

Source : Equity Bulls

Keywords

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