Dilip Buildcon soared 8.5% to Rs 306 after the company's joint venture with HCC received letter of acceptance (LOA) for a new EPC project in Gujarat.
The project entails construction of Bhadbhut Barrage, flood protection embankments and associated works across River Narmada Near Bharuch district in Gujarat. The company receivd the LoA from the Narmada, Water Resources, Water Supply and Kalpasar Department (Water Resources).The bid project cost is Rs 4167.70 crore and the completion period is 48 months. The maintenance period is 10 years.
Dilip Buildcon is engaged in the business of infrastructure facilities on engineering procurement and construction (EPC) basis. The firm undertakes contracts from various government and other parties and special purpose vehicles promoted by the company. It operates through construction and engineering contracts segment.
On a consolidated basis, Dilip Buildcon's net profit jumped 127% to Rs 190.98 crore on a 6.1% rise in net sales to Rs 2729.66 crore in Q4 March 2020 over Q4 March 2019.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app