Dilip Buildcon jumped 5.21% to Rs 478.30 after the company announced that its consortium DBL-STL has received an advance work order (AWO) from Bharat Sanchar Nigam (BSNL) for the BSNL Bharat Net Phase - III Project.
The contract is for the development, upgrade, and operation & maintenance of the BharatNet middle mile and last mile network in Jammu & Kashmir (Package 13), under the Design, Build, Operate, and Maintain (DBOM) model.
The project is valued at Rs 2631.14 crore and has a three-year construction period, followed by a ten-year maintenance contract.
In the DBL-STL consortium, Dilip Buildcon's share in project execution is 70.23%.
Dilip Buildcon undertakes EPC work for urban development and mining, and road development on build-operate-transfer (BOT) basis and MDO work in mining.
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