India's Dilip Buildcon rises, declared lowest bidder for $95 mln project

Dilip Buildcon

28/03/2023 05:30

BENGALURU, March 27 (Reuters) -    ** Shares of Indian
construction and infrastructure development co Dilip Buildcon
Ltd  DIBL.NS  rise as much as 5.6% to 185.7 rupees
    ** Co on Monday, after market hours, said it was declared
lowest bidder for a tender floated by the National Highways
Authority of India 
    ** Cost of project at 7.80 billion rupees (~$95 million)
    ** Trading volume at 681,939 shares as of 09:51 a.m. IST,
2.9x the 30-day moving avg
    ** As of last close, stock down 14.8% so far this year after
falling ~51% in 2022


($1 = 82.2050 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))