Dilip Buildcon declares as L-1 bidder for NHAI project in Chhattisgarh; Stock dips 1%

16 May 2022 , 11:25 AM

Dilip Buildcon Ltd has informed to the exchanges that the Company has declared as Lowest bidder for the tender floated by the National Highways Authority of India (NHAI) on Hybrid Annuity basis in the state of Chhattisgarh.

The tender is for Construction of Four Lane Urga- Pathaleaon section of NH- 130A from -design Ch. 70+200 to Ch’ 157+745. (from Bhaisma village to Taruama village) under Bharatmala Pariyojana (Raipur – Dhanbad Economic Corridor) in the State of Chhattisgarh on Hybrid Annuity Mode.

As per the filing, the bid project cost is Rs1,955 crore and expected completion period is 30 months.

At around 11:28 AM, Dilip Buildcon was trading at Rs223.40 apiece down by Rs2.95 or 1.3% from its previous closing of Rs226.35 apiece on the BSE.