Dilip Buildcon puts bid cost at Rs1255 crore in revised announcement on emerging L1 bidder for HAM project; Stock tumbles 4.5%

24 Feb 2022 , 10:14 AM

Dilip Buildcon Limited issued a revision in the corporate announcement related to the Company declared as L-l bidder for a new HAM project under Raipur-Visakhapatnam in the state of Chhattisgarh.

The Bid project cost in the revised statement is Rs1255 crore for a new HAM Project “Development of Six Lane Sargi – Basanwahi Section of NH-130-CD Road from 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).

“With reference to our announcement dated February 22.2022, related to declaration of the Company as L-l bidder for the tenders floated by the National Highways Authority of India (NHAI) on Hybrid Annuity basis in the state of Chhattisgarh. Due to typographical error. we have erroneously mentioned under the column of bid project cost Rs1141 crore instead of Rs1255 crore,” company said in a filing on Wednesday.

At around 10.16 am, Dilip Buildcon Ltd was trading at Rs256.60 per share down by Rs11.95 or 4.45% from its previous closing of Rs268.55 per share on the BSE.