Indian Economy News

Dilip Buildcon bags Rs 1,274 crore highway expansion project in Karnataka from NHAI

  • IBEF
  • August 28, 2020

Dilip Buildcon won a Rs 1,274 crore (US$ 180.73 million) project in Karnataka from the National Highways Authority of India (NHAI) to widen a section of NH 648 falls under the Bharatmala Pariyojana.

"Dilip Buildcon Limited has received letter of acceptance (LOA) for a new HAM project viz 4-laning from km 42 to km 80 of Dodaballapur Bypass to Hoskote section of NH-648 (Old NH-207) on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojana in the state of Karnataka (Package-II)," said the company in a regulatory filing.

It added that the project is scheduled to be completed in 24 months. It has an operation period of 15 years from the commercial operation date.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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