NEW DELHI – Shares of Dilip Buildcon jumped 5.7 per cent in early trade on Wednesday after the company said it has won a road project order in Chhattisgarh worth Rs 1,141 crore.
The construction and infrastructure development firm has been declared as L-1 bidder for a new HAM (Hybrid Annuity Model) project in Raipur-Visakhapatnam.
The company’s scrip rose to a high of Rs 284.90 as against the previous close of Rs 269.45 on the National Stock Exchange.
The order, which is for tenders floated by the National Highways Authority of India on Hybrid Annuity basis in the state of Chhattisgarh is for the development of the six lane Sargi – Basanwahi Section of NH-130-CD Road from km 42+800 to km 99+500 under Raipur-Visakhapatnam Economics Corridor, reports said.
In the third quarter of the current financial year, Dilip Buildcon reported a net loss of Rs 19.16 crore as against a net profit of Rs 107.17 crore the same time a year ago. Sequentially, the net loss narrowed from Rs 444.48 crore in July-September.
Dilip Buildcon reported a total income of Rs 2258.94 crore in October-December as against Rs 2758.93 crore the same time a year ago.
According to reports, the company reported total income of Rs 6935.9199 crore during the nine months ended December 31, 2021 as compared to Rs 7067.0190 crore during the same time a year ago. END
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