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Dilip Buildcon surges 10% on receiving LoA for project worth Rs 1,335 cr

The project's completion period is 50 months

Dilip Buildcon
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SI Reporter New Delhi
Shares of Dilip Buildcon surged 10 per cent to Rs 418.05 on the BSE on Wednesday after the company announced that its Joint Venture with Hindustan Construction Company (HCC) has received a letter of acceprtance (LoA) from Rail Vikas Nigam Limited for a new project worth Rs 1,334.95 crore in Uttarakhand.

"HCC-DBL has received letter of acceptance (LOA) for a new Project viz Constructlon of Tunnels, Bridges, Yard and formation works from chainage 117+365 To 125+320 (FLS) under Package-9 in connection with new BG Line between Rishikesh and Karanprayag (125km) in State of Uttarakhand, India," the company said in an

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First Published: Aug 19 2020 | 1:11 PM IST

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