AAI Declares Dilip Buildcon Lowest Bidder Stock Surges

The Airport Authority of India (AAI) has recently declared Dilip Buildcon Limited as lowest – 1(L-1) bidder for the construction of parallel taxi truck and associated civil and electrical works at Dabolim Airport, Goa. The bid price stands at Rs 125.01 cr, with a construction period of 24 months.

The investors poured heavy volumes in the Dilip Buildcon stock. As of 09:40 hours on NSE, the trading volume stands at 2,45,342 shares, and trading value stands at Rs 10.59 cr. There was heavy buying in the previous trading session as well. The stock witnessed 59.18% deliverable quantity of the total traded quantity in Friday’s trading session.

The stock also touched its fresh 52-week high of Rs 437 per share, up by 6.3% in the morning hour of Monday’s trading session.

Dilip Buildcon Limited (DBL) is one of the leading private sector road-focused Engineering Procurement Construction (EPC) contractors in the country. DBL is also the fastest growing infrastructure development company of India with about 78.44% continuous year-on-year growth for the last four years.

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About Suhani Varma

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