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Dilip Buildcon's SPVs execute concession agreement with NHAI

Posted On: 2018-04-22 10:00:59

DBL BANGALORE NIDAGATTA HIGHWAYS PRIVATE LIMITED and DBL NIDAGATTA MYSORE HIGHWAYS PRMTE LIMITED, the wholly owned subsidiaries of Dilip Buildcon Limited has executed the concession agreement with the National Highways Authority of India (Ministry of Road Transport and Highways) on April 20, 2018 to execute the projects.

- Six laning of Bangalore-Nidagatta Section km. 18.000 to km. 74.200 of NH-275 in the State of Karnataka to be executed on Hybrid Annuity Mode.

- Six-Laning of Nidagatta-Mysore Section from kn 74.200 to km 135.304 of NH-275 in the State of Karnataka to be executed on Hybrid Annuity Mode.

The Construction Period is 30 Months and Operation Period is 15 years from COD.

Shares of Dilip Buildcon Ltd was last trading in BSE at Rs.1128.65 as compared to the previous close of Rs. 1132.15. The total number of shares traded during the day was 24957 in over 937 trades.

The stock hit an intraday high of Rs. 1146 and intraday low of 1120.1. The net turnover during the day was Rs. 28203026.


Source: Equity Bulls

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