Dilip Buildcon shares rise after bagging Rs 2,016 crore-project
"We are extremely happy that we bagged this order. This will further strengthen our position in the road construction sector," CEO Devendra Jain said.
By ET Online | Updated:
NEW DELHI: Shares of engineering firm Dilip Buildcon rose over 1 per cent in morning trade on Friday, a day after it bagged a Rs 2,016 crore highway four-laning project from the National Highway Authority of India ( NHAI).
"We are extremely happy that we bagged this order, which is the largest under the HAM category. This will further strengthen our position in the road construction sector," CEO Devendra Jain said.
"We had an order book of Rs 10,530 crore as of March 31,2016 and since then we have bagged contracts worth Rs 2,600 crore. We have already completed work valued at over Rs 1,000 crore during Q1 of FY17, which is 15-20 per cent more than Q1 of FY16. We hope to continue the momentum in future too," Jain added.
At 10:20 am, shares of the company were trading at Rs 245 apiece, up 1.24 per cent from its previous close on the Bombay Stock Exchange ( BSE).
"We are extremely happy that we bagged this order, which is the largest under the HAM category. This will further strengthen our position in the road construction sector," CEO Devendra Jain said.
"We had an order book of Rs 10,530 crore as of March 31,2016 and since then we have bagged contracts worth Rs 2,600 crore. We have already completed work valued at over Rs 1,000 crore during Q1 of FY17, which is 15-20 per cent more than Q1 of FY16. We hope to continue the momentum in future too," Jain added.
At 10:20 am, shares of the company were trading at Rs 245 apiece, up 1.24 per cent from its previous close on the Bombay Stock Exchange ( BSE).
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