Dilip Buildcon gets financial closure letter from NHAI for HAM project; Stock soars 1%

10 Jan 2022 , 09:31 AM

Dilip Buildcon Ltd has informed that “Sannur Bikarnakette Highways Private Limited”, wholly owned subsidiary of the Company has received the financial closure letter from the National Highways Authority of India (NHAI) for the HAM project.

The project is for “Four Laning of Sannur to Bikarnakette Section from Existing Km 698.850 (Design km 691+350) to Existing Km 744.190 (Design Km 736+362) of NH- 169 under Bharathmala Pariyojana on Hybrid Annuity Mode in the State of Karnataka (Packaee-ll).”

As per filing, Bid project is Rs1,137cr and estimated completion period is 24 months. Date of financial closure is 15.12.2021

At around 9:32 AM, Dilip Buildcon was trading at Rs423.25 apiece up by Rs4.3 or 1.03% on the BSE.