Shares of Dilip Buildcon Limited (DBL) jumped over 6percnet on Monday, on the BSE and NSE after the construction company emerged as the lowest bidder for road project in Maharashtra, of National Highway Authority of India (NHAI).

In a filing to the Stock exchange on Friday, the infrastructure major DBL said that it received letter of acceptance for EPC project in the state of Maharashtra, NH-547E, valued at Rs480.06Crore by the NHIA, and has been awarded lowest bidder (L-1) for the EPC project.

The esteemed work consists of 4-Laning of Saoner-Dhapevada-Kameshwar-Gondkhairi, NH-54-E, from 4.70 km to 33.575 km in Maharashtra on EPC mode.

Excited with this development, Dilip Buildcon shares spurted to an intraday high of Rs601per share up over 7percent. At 11.30 am the stock was quoting at Rs597.30, up 6.86percent on the NSE. In comparison, the Nifty50 quoted at 11,141 up by 105points and Sensex at 36,988.57 up 317points.