Bhubaneswar: Highway developer Dilip Buildcon (DBL) has bagged a new hybrid annuity project in Odisha worth Rs 1,522 crore under National Highway Development Project (NHDP).
The company has been declared L-1 bidder by the National Highways Authority of India.
A statement issued by the company on Thursday stated that the project is for rehabilitation and upgradation to six laning of Chandikhole-Bhadrak section of new NH-16 from km 62 to km 135.5 in Odisha.
" In accordance with the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that the Company has received Letter of Award from the National Highways Authority of India (NHAI) for a new Hybrid Annuity Project under NHDP Phase V in the State of Odisha”, the statement read.
The construction company will take 30 months to complete the six-laning of 74.500 kms long highway.
Shares of Dilip Buildcon were trading 1.69 per cent higher at Rs 958.90 apiece on BSE.