Dilip Buildcon has received the letter of acceptance (LOA) from the National Highways Authority of India (NHAI) on a hybrid annuity basis in Karnataka. There are two projects cumulatively costing around Rs2,439cr.
These projects are:
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4 Laning from km 0.000 to km 26.400 (along with 0.700km approach towards NH 207 with interchange on NH4 at start point) of Bangalore to Malur Section of Bangalore Chennai Expressway on Hybrid Annuity Mode under Bharatmala Pariyoin4 in the state of Karnatak (Phase-I Package -I) - The project costs Rs1,160cr.
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4 Lane Expressway from km 26.400 to km 53.500 of Malur to Bangarpet Section of Bangalore Chennai Expressway on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnataka (Phase - I Package - II) - The project costs Rs1,279cr.
Both the project have a completion period of 24 months and an operation period of 15 years from COD.
At around 2.13 pm, Dilip Buildcon was trading at Rs662.05 per piece down by Rs41.80 or 5.94% on Sensex. The stock has plunged to an intraday low of Rs654 per piece.
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