Infrastructure company gets project worth ₹548 crore from NHAI

Infrastructure company Dilip Buildcon Limited has informed that it has got a project worth ₹ 548 crore in Tamil Nadu for the tender issued by the National Highway Authority of India (NHAI). The road construction company has received the Letter of Award (LOA) for the tender issued by NHAI on hybrid annuity basis in Tamil Nadu. The details of the project include improvement in the alignment of Thoppur Ghat section to a special patch in Dharmapuri, Salem section of NH-44 under NH(O) 2023-24 in the southern state.

The project will be completed within 36 months

Excluding Goods and Services Tax (GST), the bid project cost is ₹548 crore. The project is targeted to be completed within a period of 36 months, with an operation period of more than 15 years at COD. The project length is 6.6 kilometers, as reported by Dilip Buildcon on March 11, 2024.

Stock performance

Till the time of writing the news, the company’s shares were trading at Rs 429.60 with a decline of 1.70 percent. The 52 week high of the share is Rs 504.50. The company’s shares have seen an increase of 120.14 percent in the last one year.