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The agreement constitutes development of six lane controlled Greenfield highway from Audireddipalle to Mallapalle, Bengaluru – Vijayawada economic corridor on HAM Mode under Bharatmala Pariyojana Phase-I in Andhra Pradesh (Package 07).
The bid project cost stood at Rs 780.12 crore and construction period of the project is 24 months and operation period is 15 years from commercial operation date (COD).
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 net loss of Rs 73.16 crore in Q4 FY23 as compared with net loss to Rs 55.51 crore in Q4 FY22. Net sales jumped 6.7% year on year to Rs 2,841.05 crore in Q4 FY23 over Q4 FY22.
The scrip declined 0.75% to Rs 218.60 on the BSE.
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