Dilip Buildcon Ltd.'s share price spiked 5.58% on Friday after the company' secured an order worth Rs 3,400 crore from Adani Road Transport Ltd.
Dilip Buildcon received a Letter of Award from Adani Road Transport for the construction of the Ganga Path connecting Sultanganj, Bhagalpur, and Sabour Road in Bihar.
The company in an exchange filing said that it has received "Execution of EPC (Engineering, Procurement & Construction) works on a back-to-back basis, for construction of Ganga Path connecting SultanganjBhagalpur-Sabour Road. Scope of work includes design, engineering, procurement, construction, testing and commissioning of the project.
The Rs 3,400 crore project, awarded on a back-to-back basis under the EPC (Engineering, Procurement & Construction) mode, will be executed over a 42-month period and spans 41.09 kilometers. The employer for the project is Bihar State Road Development Corporation Limited.
Dilip Buildcon Shares Hit One-Month High On Winning Order Worth Rs 4,900 CroreStock Market LIVE: Nifty, Sensex Near Day's Lows; Defence Leads Sectoral Rally
