Dilip Buildcon bags Rs 860-cr road project in Chhattisgarh from National Highways Authority of India
Highway developer Dilip Buildcon on Thursday said it has bagged a Rs 860.50 crore road project in Chhattisgarh from the National Highways Authority of India (NHAI)
New Delhi: Highway developer Dilip Buildcon on Thursday said it has bagged a Rs 860.50 crore road project in Chhattisgarh from the National Highways Authority of India (NHAI).
In a regulatory filing, the company said it has received the letter of acceptance (LOA) from NHAI for the said road project in Chhattisgarh.
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"The company has received the letter of acceptance (LOA) on 18 March, 2020 from the NHAI for new Hybrid Annuity Model (HAM) project in the state of Chhattisgarh," the filing said.
The project envisages four-laning "with paved shoulder configuration of Pathrapali-Kathghora...of Bilaspur-Kathghora section of NH-111...in the State of Chhattisgarh under Bharatmala on hybrid annuity mode by NHAI, the filing said.
Shares of the company were trading at Rs 248.20 a piece on BSE in the morning trade, down 4.94 percent from the previous close.
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The road has reportedly been in a dilapidated condition since 2015. Tenders have also been floated multiple times to repair it, but all contractors are now missing after having left the work unfinished