Dilip Buildcon Restricted (DBL) has emerged because the lowest bidder (L-1) for a serious infrastructure undertaking in Kerala. The corporate introduced on September 5, 2024, that it had been declared L-1 for setting up a twin-tube unidirectional tunnel within the Kozhikode and Wayanad districts. The undertaking, valued at ₹1,341 crore together with GST, was floated by Konkan Railway Company Ltd. on an Engineering, Procurement & Development (EPC) foundation.
The shares of Dilip Buildcon Restricted (DBL) had been buying and selling at ₹559.20 up by ₹7.60 or 1.38 per cent on the NSE in the present day at 2.10 pm.
The scope of labor consists of constructing a two-lane tunnel in every site visitors path and a four-lane method highway connecting Anakkampoyil, Kalladi, and Meppadi. The full undertaking size is 8.275 km, and the completion interval is 48 months. This improvement is a part of efforts to reinforce connectivity within the area.
Following the announcement, DBL has closed its buying and selling window for insiders and designated individuals for 48 hours in compliance with insider buying and selling rules.
