Dilip Buildcon advances on winning two EPC orders worth Rs 580 crore

NEW DELHI: Shares of Dilip Buildcon jumped nearly 2 per cent after the company told stock exchanges that it has won two EPC projects in Maharashtra worth Rs 580.50 crore.

In a filing to BSE, the company said that it has “received letter of award (LoA) from the ministry of road transport & highways (MORTH), government of India for two EPC road projects in the state of Maharashtra.”

The first project is for rehabilitation and up-gradation of two lane with paved shoulders on; EPC mode from Kalamb to Wadki (Kalamb Ralegaon Wadki), the company said.

The second project is for rehabilitation and up-gradation of two lane with paved shoulder on EPC mode, from Majalgaon to Kaij, it added.

Following the announcement, shares of the company that has a market capitalisation of nearly Rs 5,000 crore, rose 1.88 per cent to hit a high of Rs 362.35 on BSE. The stock hit a 52-week high of Rs 373.80 on April 5.

At the prevailing price, the stock is trading at 21.93 times its trailing 12-month earnings per share (EPS).