Company news: Dilip Buildcon Ltd

Dilip Buildcon Ltd has emerged as the L-1 bidder for a new overburden (OB) removal contract mining work for the Nigahi project at Singrauli in Madhya Pradesh, the company said in a statement to the exchanges. The contract value is ₹2,122.73 crore (including GST) by the Northern Coalfield Ltd, a subsidiary of Coal India. Shares of Dilip Buildcon closed two per cent higher at ₹448.35 on the BSE.