Dilip Buildcon Ltd receives LOA for new HAM project Bangalore-Chennai Expressway under Bharatmala worth Rs. 1060 Crores

Dilip Buildcon Ltd (DBL) has received the letter of acceptance (LOA) on September 15, 2021 from the National Highways Authority oflndia on Hybrid Annuity basis in the state of Andhra Pradesh.

The project is for Construction of 4-lane Bangalore-Chennai Expressway from Km 127.000 (Bangarupalem) to Km 156.000 (Gudipala) Section in the State of Andhra Pradesh under Bharatmala on Hybrid Annuity Mode (Phase II / Package III).

The bid project cost is Rs. 1060.00 crores. The completion period is 24 Months and Operation period is for 15 years from COD.

Shares of Dilip Buildcon Limited was last trading in BSE at Rs. 526.7 as compared to the previous close of Rs. 516.5. The total number of shares traded during the day was 20041 in over 744 trades.

The stock hit an intraday high of Rs. 534.3 and intraday low of 517.6. The net turnover during the day was Rs. 10537377.

Source : Equity Bulls

Keywords