Dilip Buildcon gets over Rs 900-crore order from road ministry

Dilip Buildcon has been awarded an over Rs 900-crore order by the road transport ministry, the company informed the BSE on Wednesday. 

In a notification to the bourse, the company said that it had been picked by the road and transport ministry to upgrade the National Highway 66 in Maharashtra to a four lane highway with a paved shoulder.

"The Ministry of Road Transport & Highways has declared the company as the selected bidder for rehabilitation and upgradation of NH-66 (the erstwhile NH-17) from km 406/030 to km 450/170 (Kalmath to Zarap section) to four lane with paved shoulder in the state of Maharashtra under NHDP-IV on Hybrid Annuity Modi at a project cost of Rs 914 crore and the first year O&M cost of Rs 3 crore," the company told BSE in a notification.

After the notification, the shares of Dilip Buildcon were trading up 0.22% or Rs 0.50 higher at Rs 224.70 from the previous day's close.