Dilip Buildcon receives LoA for HAM project in Chhattisgarh; Stock gains over 1%

2 Mar 2022 , 01:46 PM

Dilip Buildcon Ltd stock is in focus on Wednesday as the industry has received the letter of acceptance (LOA) dated February 28, 2022 from the National Highways Authority of India (NHAI) for a new Hybrid Annuity Mode project in the state of Chhattisgarh.

The project is for 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) (Legth 56.700 km).

Further, the bid project cost is Rs1255 crore and the completion period for the project is 24 Months, said company in a regulatory filing.

At around 1:49 PM, Dilip Buildcon was trading at Rs272.45 apiece up by Rs3.75 or 1.4% on Sensex.