Dilip Buildcon Shares Rally 5% on Bagging Rs 3,400 Crore EPC Order
Shares of Dilip Buildcon Ltd rallied 5% on 26 December after the company announced securing a Rs 3,400 crore order from Adani Road Transport. The company informed stock exchanges that it has received a Letter of Award from Adani Road Transport Ltd. on a back-to-back basis to build the Ganga... The post Dilip Buildcon Shares Rally 5% on Bagging Rs 3,400 Crore EPC Order appeared first on Equitypandit.
Shares of Dilip Buildcon Ltd rallied 5% on 26 December after the company announced securing a Rs 3,400 crore order from Adani Road Transport.
The company informed stock exchanges that it has received a Letter of Award from Adani Road Transport Ltd. on a back-to-back basis to build the Ganga Path road project connecting Sultanganj, Bhagalpur, and Sabour under the EPC (Engineering, Procurement and Construction) model. The Bihar State Road Development Corporation Ltd. has appointed the project.
The project covers a 41-km road stretch and carries a construction timeline of 42 months. The company will manage the entire work, including design, engineering, procurement, construction, testing, and commissioning, ensuring the road meets required quality and safety standards.
Earlier this week, Dilip Buildcon also emerged as the lowest bidder for a large renewable energy project awarded by Madhya Pradesh Urja Vikas Nigam Ltd. The project involves setting up 1,365.55 MW (AC) of grid-connected solar power capacity under the PM KUSUM-C (Feeder Solarisation) scheme, which aims to promote clean energy and reduce farmers’ electricity costs.
The company will execute the project through multiple special purpose vehicles (SPVs) and expects an EPC opportunity worth nearly Rs 4,900 crore, with completion planned within 18 months.
Dilip Buildcon will handle development, design, engineering, supply, construction, testing, commissioning, operations & and maintenance, strengthening its position in India’s infrastructure and renewable energy sectors.
At 2:22 pm, the shares of Dilip Buildcon were trading 1.84% higher at Rs 474.30 on NSE.
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The post Dilip Buildcon Shares Rally 5% on Bagging Rs 3,400 Crore EPC Order appeared first on Equitypandit.
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