Shares of Dilip Buildcon surged over seven per cent amid a falling market today after the firm was declared L1 bidder for a tender by National Highway Authority of India (NHAI) in Jharkhand.
The project is worth Rs 976 crore.
The project involves the four-laning of Mehgama-Hansdiha section of NH-133 in Jharkhand on Hybrid Annuity mode.The completion period for the project is two years.
In Q3 of current fiscal, the firm reported a loss of Rs 19.16 crore against a profit of Rs 107.17 crore in the corresponding quarter of previous fiscal.
Sales fell 18.23 per cent to Rs 2,245 crore in Q3 against Rs 2,746 crore sales in the December 2020 quarter. Operating profit declined 92.81 per cent to Rs 45.34 crore in last quarter against Rs 630.48 cr in Q3 of the previous fiscal.
Dilip Buildcon is one of the leading full-service infrastructure company with construction capabilities in roads and bridges, mining water, sanitation, sewage, dams, irrigation, industrial, commercial and residential buildings.