Dilip Buildcon has incorporated a special purpose vehicle (SPV) for a new HAM project named as "Dhrol Bhadra Highways Private Limited" as a wholly owned subsidiart of Dilip Buildcon Limited.
The project is for the four laning of Dhrol - Bhadra Patiya section of BH-151A (between ex. km 5+700 to km 13+600 of SH-25) and Bhadra Patiya - Pipaliya section of NH-151A (Between Ec km 38+350 to 24+000 of CSH-6) in Gujarat through PPP on design, build, operate and tranfer on Hybrid Annuity basis.
The bid project cost stands at Rs882.00cr while the 1st year O&M will cost Rs3cr. The completion period and operation period are 24 months and 15 years from COD, respectively.
The entire project will span a length of around 50.45km.
Dilip Buildcon settled 0.95% lower at Rs391.50 per piece on BSE.