Dilip Buildcon incorporates SPV Company as wholly-owned subsidiary; Stock ends 1% higher

29 Mar 2022 , 03:44 PM

Dilip Buildcon Ltd has informed that the Company has incorporaled “RAIPUR-VISAKHAPATNAM-CG-2 HIGHWAYS LIMITED” a new SPV Company as a wholly owned subsidiary of the company.

The project is  for “Development of Six Lane Sargi – Basanwahi Section of NH-130-CD Road fiom km 42+800 to km 99+500 under Raipur-Visakhapatnam Economics Corridor in the state of Chhattisgarh on Hybrid Annuity Mode (Package – CG-2) (Length 56.700 km).”

Further, as per the filing, the bid project cost is Rs1255 crore and expected completion period is 24 months.

Dilip Buildcon ended at Rs239.85 apiece up by Rs3.15 or 1.33% on the BSE.