Source: Fianancial Express, Aug 18, 2016
New Delhi: Engineering firm Dilip Buildcon today said it has bagged a Rs 2,016 crore highway four-laning project from National Highway Authority of India (NHAI).
The company “received LOA (Letter of Award) from NHAI for four laning of Lucknow-Sultanpur section of NH-56 from 11.50 to km 134.70 in the state of Uttar Pradesh under (approx. length 123.300 km) NHDP Phase IV on a hybrid annuity basis”, it said in a BSE filing.
According to the statement, the estimated project cost is Rs 2,016 crore. The concession period is 15 years, excluding construction period of 910 days.“We are extremely happy that we bagged this order, which is the largest under HAM category. This will further strengthen our position in the road construction sector.
“We had an order book of Rs 10,530 crore as of March 31,2016 and since then we have bagged contracts worth Rs 2,600 crores.
“We have already completed work valued at over Rs 1,000 crore during Q1 FY17 which is 15-20 per cent more than Q1 FY16. We hope to continue the momentum in future too,” the firm’s CEO Devendra Jain said.