Dilip Buildcon (DBL) has received Provisional Letter of Award (LoA) by the Punjab State Power Corporation (PSPCL) in relation to the contract for selection of Mine Developer cum Operator (MDO) of Pachhwara Central Coal Mine worth Rs 321.56 billion for a tenure of 55 Years.

In continuation with our announcement dated August 7, 2018 and in accordance with the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that the Company has received Provisional Letter of Award (LOA) from the Punjab State Power Corporation (PSPCL) in relation to the contract for selection of Mine Developer cum Operator (MDO) for development and operation of the Pachhwara Central Coal Mine in Rajmahal Coalfield, District Pakur, Jharkhand.

Total Order Book as on March 31, 2018 was: Rs 238.88 billion.  

Shares of the company declined Rs 25.15, or 2.90%, to trade at Rs 844.30. The total volume of shares traded was 54,878 at the BSE (2.59 p.m., Wednesday).