This Article is From Sep 28, 2016

Dilip Buildcon Shares Up Nearly 4% On Rs 2,845 Crore Order

Dilip Buildcon Shares Up Nearly 4% On Rs 2,845 Crore Order
New Delhi: Shares of Dilip Buildcon on Wednesday rose nearly 4 per cent after the National Highways Authority of India (NHAI) awarded a Rs 2,845 crore project in Uttar Pradesh to the company.

The stock gained 3.88 per cent to Rs 242 on BSE. 

At NSE, shares of the company jumped 3.7 per cent to Rs 241.90.

"The NHAI has issued Letter of Award (LOA) for ... four-laning of Lucknow-Sultanpur Section from km 11.5 to km 134.7 of NH-56 127 km," to Dilip Buildcon, NHAI said in a statement on Tuesday.

The estimated cost of the project is Rs 2,845 crore, it said.

The 127-km long stretch between Lucknow and Sultanpur transverses through important districts of state capital, neighbouring Barabanki, Raebareli and Sultanpur.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)