Dilip Buildcon bags NHAI project worth Rs 861 crore
Dilip Buildcon Limited has been declared as L-1 bidder for a new Hybrid Annuity Model (HAM) project, four-lane with paved shoulder configuration of Patrapali-Katghora (Km 53.300 to Km 92.600) Pkg-II of Bilaspur-Katghora section of NH-111, New NH-130 in the state of Chhattisgarh under Bharatmala on Hybrid Annuity Model by the National Highways Authority of lndia (NHAI).
The project, worth Rs 860.50 crore, is expected to be completed within 24 months. The operation and maintenance period would be of 15 years from COD and the estimated quote for the first year will be Rs 3 crore.
In January, the company had executed an EPC agreement with Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), which was worth Rs 1,250.01 crore, to be completed within 36 months.
The company’s order book as on September 30, 2019 stood at Rs 20,292.6 crore. Its order mix in terms of the segments include roads-62.6 per cent, mining-21.4 per cent, irrigation-6.9 per cent, special bridge-5 per cent, metro-2.04 per cent and others-2 per cent.
On Thursday, the stock of Dilip Buildcon opened at Rs 385.25. In the early morning session, it surged 3.1 per cent to Rs 394.55 from its previous close of Rs 383 on BSE.