Dilip Buildcon secures ₹879 crore NHAI contract
after close1 source ↓written by the desknot a recommendation
- from the National
- ₹879.30 crore
- and is expected
- 46.665-km stretch
- connectivity
- 24-month construction phase
Dilip Buildcon Limited has received a Letter of Award valued at ₹879.30 crore from the National Highways Authority of India (NHAI) for the four-laning of the Paramakudi–Ramanathapuram section of NH-49 in Tamil Nadu. The project, awarded under the Hybrid Annuity Model, covers a 46.665-km stretch and is expected to enhance connectivity over a 24-month construction phase.
This contract may bolster investor sentiment as it demonstrates the company's capabilities in securing large-scale infrastructure projects, potentially impacting its stock performance positively.
Not investment advice. For informational purposes only.