Dilip Buildcon Limited forms SPV for HAM project

The company has incorporated a special purpose vehicle (SPV) for a new HAM project named as "Dhrol Bhadra Highways Private Limited" as a wholly owned subsidiary of Dilip Buildcon Limited.

Dhrol Bhadra Highways Private Limited is formed for the project Four Laning of Dhrol - Bhadra Patiya section of NH-151A (Between Ex. Km 5+700 to Km 13+600 of SH-25) and Bhadra Patiya - Pipaliya Section of NH-151A (Between Ex. Km 73+000 to Km. 44+800 and Ex. Km. 38+350 to 24+000 of CSH-6) in Gujarat through Public Private Partnership (PPP) (the "Project") on design, build, operate and transfer (the "DBOT Annuity" or "Hybrid Annuity") basis.

The completion period of the project is 24 Months and Operation period is 15 years from COD.

Shares of Dilip Buildcon Ltd was last trading in BSE at Rs.396.2 as compared to the previous close of Rs. 395.8. The total number of shares traded during the day was 19919 in over 771 trades.

The stock hit an intraday high of Rs. 402 and intraday low of 393. The net turnover during the day was Rs. 7917762.

Source : Equity Bulls

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