Dilip Buildcon surges 9% after JV wins EPC project worth Rs 4,168 crore

The bid project cost is Rs 4,167.70 crore with completion period of 48 months and maintenance period of 10 years

Shares of Dilip Buildcon (DBL) moved higher by 9 per cent to Rs 308 on the BSE on Thursday after the company announced DBL-HCC (JV) has received the letter of acceptance (LoA) from the Narmada, Water Resources, Water Supply and Kalpasar Department (Water Resources) for an Engineering, Procurement and Construction (EPC) project in the state of Gujarat. The project is the joint venture between DBL and Hindustan Construction Company Limited (HCC).

“The EPC contract is for construction of Bhadbhut barrage, flood protection embankments and associated works across river Narmada near village Bhadbhut of Bharuch district, Gujarat,” DBL said in a