Highway construction company Dilip Buildcon on Monday informed the bourses that it has received two Engineering, Procurement and Construction (EPC) road projects in the state of Maharashtra valued at Rs 580.5 crore.
“In accordance with the provisions of the Securities and Exchange Board of India Regulations, 2015, we are pleased to inform that the company has received Letter of Award from the Ministry of Road Transport & Highways (MORTH), Government of India for two EPC road projects in the state of Maharashtra,” Dilip Buildcon said in a BSE filing.
The first project is for rehabilitation and up-gradation of two lane with paved shoulders on EPC mode from Kalamb to Wadki, while the second project valued is for rehabilitation and up-gradation of two lane with paved shoulder on EPC mode from Majalgaon to Kaij.
Reacting to the news, the shares of the company were trading over 1 per cent up at Rs 361.30 at 9.30 am. Sensex was trading 31.35 points up at 29,737.96 during the same time. On the BSE, 24,000 shares of Dilip Buildcon have exchanged hands so far till 12.50 pm against average daily volume of 32,000 shares in the past two weeks. The scrip has touched its fresh 52-week high of Rs 373.80 on April 5, 2017 and 52-week low of Rs 178.60 on November 9, 2016.
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Last month, the company had also bagged three road projects worth Rs 3,269 crore in Maharashtra.