Dilip Buildcon secures NHAI project worth Rs1,060cr in Andhra Pradesh

The project is expected to complete in 24 months.

Sep 17, 2021 11:09 IST India Infoline News Service

Dilip Buildcon Ltd has informed that the Company has received the letter of acceptance (LOA) on September 15, 2021 from the National Highways Authority of lndia (NHAI) on Hybrid Annuity basis in the state of Andhra Pradesh.

According to the Rationale, the project is for construction of 4-lane Bangalore-Chennai Expressway from Km 127.000 (Bangarupalem) to Km 156.000 (Gudipala) Section in the State of Andhra Pradesh under Bharatmala on Hybrid Annuity Mode (Phase Il,/Package IIll).

Further, the bid project cost is Rs1060cr and the expected completion period is 24 months.

Operation period is for 15 years from COD.

At around 11:20 AM, Dilip Buildcon was trading at Rs528.85 apiece up by Rs1.4 or 0.27% on Sensex.

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