The scope of the project entails development of six-lane access controlled Greenfield Highway from Audireddipalle to Mallapalle of [NH-544G] Bengaluru-Vijayawada Economic Corridor on hybrid annuity mode (HAM) under Bharatmala Pariyojana Phase-I in the state of Andhra Pradesh (Package-7).

The bid cost for the project is Rs 780.12 crore. The project is expected to be completed in 24 months and the operation period is 15 years from the commercial operation date.

Dilip Buildcon is one of the leading full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage, dams, irrigation, industrial, commercial and residential buildings with a presence in over 19 states & 1 union territory.

The company reported a standalone net profit of Rs 79.52 crore in Q3 FY23 as against a net loss of Rs 96.66 crore posted in Q3 FY22. Revenue from operations rose 8.2% year on year to Rs 2,378.78 crore in the quarter ended 31 December 2022.