Dilip Bbuildcon wins Rs.936 cr road project

Dilip Buildcon has been declared as the lowest bidder for a new HAM project involving the four laning of NH-161 from Mangloor to Telangana/Maharastra border in the state of Telangana under Bharatmala Pariyojana at an investment of Rs.936.00 crore by NHAI. The construction period for the project is 24 months, and the operation period is 15 years from the date of commencement for project commanding a length of 48.9km. The company, which is a Bhopal-based player, progressively diversified from Madhya Pradesh government orders to central and other state government road projects. The latest order win is the 7.5% of the order book for Q3FY18 of the company. DBL has recorded an order inflows of Rs.8,000-Rs.10,000 crore in FY18E, on the back of strong contract winning orders to the tune of Rs.1.4lakh crore from NHAI.