Infrastructure development company Dilip Buildcon has received letter of acceptance (LoA) from the National Highways Authority of India (NHAI) for two new hybrid annuity model (HAM) projects under Bharatmala Pariyojana, Phase-1 in Tamil Nadu and the Union Territory (UT) of Puducherry.

The first project involves four laning of Villupuram-Puducherry road under Bharatmala Pariyojana phase-1. The construction of the stretch is 29 km in length. The bid project cost is Rs 1,013 crore. The project is expected to be completed within 24 months from starting work.

The second project is a four-laning of Puducherry-Poondiyankuppam road under Bharatmala Pariyojana phase-1. The construction length is 38 km long. The bid project cost is Rs 1,228 crore. The project is expected to be executed within 24 months.

Dilip Buildcon's consolidated net profit surged 107.4% to Rs 181.91 crore, with a 7.1% increase in net sales to Rs 2,746.19 crore in Q3 of FY21 over Q3 of FY20.

Bharatmala Pariyojana is a government-sponsored and funded road and highways project of the Government of India. The total investment for 83,677 km of new highways is estimated at Rs 5.35 lakh crore.

Dilip Buildcon is a full-service infrastructure company with construction capabilities in roads and bridges, mining, water sanitation, sewage, and dams with a presence in over 19 states.

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