Shares of Dilip Buildcon surged 10 per cent to Rs 418.05 on the BSE on Wednesday after the company announced that its Joint Venture with Hindustan Construction Company (HCC) has received a letter of acceprtance (LoA) from Rail Vikas Nigam Limited for a new project worth Rs 1,334.95 crore in Uttarakhand.
"HCC-DBL has received letter of acceptance (LOA) for a new Project viz Constructlon of Tunnels, Bridges, Yard and formation works from chainage 117+365 To 125+320 (FLS) under Package-9 in connection with new BG Line between Rishikesh and Karanprayag (125km) in State of Uttarakhand, India," the company said in an