Dilip Buildcon bags Rs 860-crore road project in Chhattisgarh from NHAI

Topics Dilip Buildcon | NHAI

National Highways Authority of India

Highway developer Dilip Buildcon on Thursday said it has bagged a Rs 860.50 crore road project in Chhattisgarh from the National Highways Authority of India (NHAI).

In a regulatory filing the company said it has received the letter of acceptance (LOA) from NHAI for the said road project in Chhattisgarh.

"The company has received the letter of acceptance (LOA) on March 18, 2020 from the NHAI for new Hybrid Annuity Model (HAM) project in the state of Chhattisgarh," the filing said.

The project envisages four-laning "with paved shoulder configuration of Pathrapali-Kathghora...of Bilaspur-Kathghora section of NH-111...in the State of Chhattisgarh under Bharatmala on hybrid annuity mode by NHAI, the filing said.

Shares of the company were trading at Rs 248.20 a piece on BSE in the morning trade, down 4.94 per cent from the previous close.



Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel