Shares of Dilip Buildcon surged 7 per cent to Rs 601 on the BSE in intra-day trade after the company said it has been declared the lowest (L-1) bidder by the National Highways Authority of India (NHAI) for EPC (engineering procurement and construction) project worth of Rs 480 crore in the state of Maharashtra.
“The road project is for four laning of Saoner-Dhapewada-Kalmeshwar-Gondkhairi, NH-547E, from km 4.700 to km 33.575 in the state of Maharashtra on EPC mode,” Dilip Buildcon said in a BSE filing.
In the past one month, Dilip Buildcon’s stock has outperformed the market by zooming 79 per cent, as compared to 1 per cent rise in the benchmark S&P BSE Sensex. It recovered 93 per cent from its 52-week low level of Rs 312 touched on February 5, 2019, on the BSE.
