Dilip Buildcon emerges as lowest bidder for Rs 1,589 cr road project
ROADS & HIGHWAYS

Dilip Buildcon emerges as lowest bidder for Rs 1,589 cr road project

Dilip Buildcon has jumped to Rs 250.50 by 4.17% 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. Their sales had declined 18.23% on a year-on-year basis to Rs 2,245.50 crore in the third quarter of the financial year 2022.

Image Source

Also read: Dilip Buildcon executes EPC contract with RVNL

Dilip Buildcon has jumped to Rs 250.50 by 4.17% 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. Their sales had declined 18.23% on a year-on-year basis to Rs 2,245.50 crore in the third quarter of the financial year 2022. Image Source Also read: Dilip Buildcon executes EPC contract with RVNL

Next Story
Infrastructure Urban

We operate 100 smart buses serving 30,000 passengers daily

Aurangabad, known as the ‘City of Gates’ owing to its historical monuments and Mughal heritage, is equally renowned for its industrial development, with a nominal gross district domestic product (GDDP) of Rs.988.04 billion. As growth has progressed, there has been a focus on enhancing the standard of living, prompting key initiatives, including the award-winning Majhi Smart  Bus Initiative. G Sreekanth (IAS), CEO, Aurangabad Smart City Development Corporation Ltd (ASCDCL), discusses the city’s ongoing and upcoming developments in conversation  with NEHA YADAV.Recent news h..

Next Story
Infrastructure Energy

Sterling and Wilson Secures Rs 12 Bn Solar EPC Contract in Gujarat

Sterling and Wilson Renewable Energy has been awarded a Rs 1,200 crore contract for a 500-megawatt (MW) solar photovoltaic (PV) project in Gujarat, strengthening its foothold in India’s renewable energy sector. The engineering, procurement, and construction (EPC) contract encompasses the design, engineering, and installation of balance-of-system (BoS) components with single-point responsibility. It also includes operations and maintenance (O&M) services for three years. “We are delighted to secure this significant order, which will aid India, especially Gujarat, in its transition to clean ..

Next Story
Infrastructure Energy

NTPC Green Energy Signs MoU with Bihar Government

NTPC Green Energy (NGEL), a subsidiary of NTPC, has entered into a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during the Bihar Business Connect 2024 Global Investors’ Summit held on 20 December 2024 in Patna. The MoU outlines plans for substantial investments in Bihar to establish various renewable energy projects, including: Ground-mounted and floating solar installations Battery energy storage systems Green hydrogen mobility initiatives The Bihar Government will assist by facilitating necessary approvals, permissions, registrations, and cleara..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000