New Delhi, March 27 -- Shares of Dilip Buildcon rallied nearly 6 percent on Thursday, March 27, after the company announced that its joint venture (JV) had bagged a Rs.2,631.14 crore contract from Bharat Sanchar Nigam Ltd (BSNL) for the BharatNet Phase-III project. The deal aims to bolster broadband connectivity in Jammu & Kashmir and Ladakh, marking a major win for the infrastructure firm.

In a regulatory filing, Dilip Buildcon stated that its DBL-STL Consortium had received an Advance Work Order (AWO) from BSNL for the "Design, Supply, Construction, Installation, Upgradation, Operation, and Maintenance" of the middle-mile network under BharatNet Phase-III. The contract, awarded under the Design, Build, Operate, and Maintain (DBOM) mode...