Dilip Buildcon soars 1.7% on bagging Rs 397 crore project in Rajasthan

Dilip Buildcon stocks rally during Tuesday's morning session as the company received the Letter of Acceptance (LOA) and signed the agreement with the Water Resources Zone, Udaipur (Rajasthan).

At around 10:41 AM, shares of Dilip Buildcon were surging by 1.7% at Rs 314.60 per share on the BSE.

According to the regulatory filing, Dilip Buildcon has secured letter of acceptance (LOA) and signed the agreement for new Project “Planning, Design and Construction of Dewas III and IV Dams Tehsil- Gogunda Udaipur District in Rajasthan India on Engineering, Procurement and Construction (E.P.C.) single Responsibility turn-key basis, including 10 years O & M."

Further, the project cost is Rs 396.93 crore and the completion period is 44 months, the company mentioned in the statement.