India's Dilip Buildcon up 2% on two-project deal with highways authority

Dilip Buildcon

27/04/2023 10:24

** Shares of Dilip Buildcon Ltd  DIBL.NS  rise as much as
2.11% to 181.45 rupees, highest in over a week
    ** Rise comes after the construction and infrastructure firm
executes concession agreement with National Highways Authority
of India for two projects
    ** DIBL to develop six-lane highway in Bengaluru-Vijayawada
economic corridor costing 6 bln rupees ($73.38 million)
    ** Co to also develop another six-lane highway in the same
economic corridor at cost of 7.74 bln rupees 
    ** Trading volume is 356,966 shares as of 2:46 p.m. IST,
half the 30-day avg - Refinitiv data


($1 = 81.7700 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))