The company is entitled to maximum bonus of Rs 14,62,50,000 in lieu of earlier completion (210 days before the schedule completion date) of the said project. The project of rehabilitation & upgradation of stretch of SH 317-Kalamb-Ralegaon-Wadki to two lane paved shoulders in the state of Maharashtra on EPC mode (Package -21) has been completed.
Dilip Buildcon shares rallied nearly 9 per cent intraday on Wednesday after company announced getting order for a new overburden removal contract mining project valued at Rs 1,000 crore from Coal IndiaNSE 0.90 %. The company, according to analysts is expected to grow at a CAGR of 28 per cent in the next two years with a strong order book.
The company altered its main object clause of the MoA (Memorandum of Association) of the company to carry on the business of purchase and sale of petroleum and petroleum products. Shares of Dilip Buildcon rose 9 percent intraday Wednesday as company altered its main object clause of MoA to start new business activity.
ETNOW live : After a 33% hit in the last 2 months & 12.5% hit on the stocks in last 3 days. Dilip Buildcon clarifies on the MOA with IOC and upcoming MP elections. Listen in! @AyeshaFaridi1 @TanvirGill2 @dilipbuildcon.