Dilip Buildcon Ltd receives LOA from NHAI for 2 projects under Bangalore Chennai Expressway

Dilip Buildcon Ltd has received the letter of acceptance (LOA) on March 4, 2021 from the National Highways Authority of India on Hybrid Annuity basis in the state of Karnataka.

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 Pariyojna in the state of Karnataka (Phase-1) Package-I. The bid project cost is Rs. 1160.00 crore. The completion period is 24 months and operation period is 15 years from COD.

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-1, package-II). The bid project cost is Rs. 1279.00 crore. The completion period is 24 months and operation period is 15 years from COD.

Shares of Dilip Buildcon Ltd was last trading in BSE at Rs.703.7 as compared to the previous close of Rs. 655.4. The total number of shares traded during the day was 103708 in over 4154 trades.

The stock hit an intraday high of Rs. 719 and intraday low of 620.5. The net turnover during the day was Rs. 70368963.

Source : Equity Bulls

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