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Dilip Buildcon emerges as lowest bidder for Rs. 1,589 cr road project
Dilip Buildcon has jumped to
Rs.250.50 by 4.17 per cent after the
company announced that it is declared
as the lowest bidder for Rs 1,589 crore
road project by the National Highways
Authority of India (NHAI), based on
Hybrid Annuity in the state of
Karnataka.
The scope of the project comprises
the development of a six-lane access
controlled greenfield highway between
Maradgi S Andola and Baswantpur
section of the NH- 150C on Hybrid
Annuity Model (HAM) under the
Bharatmala Pariyojna.
The bidding project cost of 65.50
km is Rs.1,589 crore. The expected time
period for the completion of the
project is 30 months. The operational
period will be of 15 years from the date
of commercial operation.
Dilip Buildcon can be referred to as
a full-service infrastructure company
having construction capabilities in
mining, sewage, water sanitation,
dams, roads, and bridges along with a
strong presence in over 19 states.
In the quarter ended December
2021, the company had reported a
consolidated net loss of Rs.19.16 crore
against the previous quarter ended
December 2020 with a net profit of
Rs.107.17 crore.