The National Highways Authority of India (NHAI) sent Dilip Buildcon Limited a letter of acceptance (LOA) for the hybrid annuity model (HAM) project on March 31, 2023, according to an exchange filing. The 2015 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Rules' provisions are followed by the disclosure.

Construction of a six-lane, access-controlled greenfield highway on the NH544G between Audireddipalle (Ch. 160+000) and Mallapalle (Ch. 176+000) for Rs 7.80 billion, the Bengaluru- Vijayawada Economic Corridor on HAM Mode is being built as part of Andhra Pradesh's Bharatmala Pariyojana Phase-I (Package-07).