Dilip Buildcon gets appointment date from NHAI for Karnataka project

Dilip Buildcon Ltd. informed the exchanges that DBL Nidagatta Mysore Highways Private Limited, wholly owned subsidiary of the company, has received the appointed date, i.e., December 10, 2019 by the National Highway Authority of India (NHAI).

The project involves six-laning from Nidagatta Mysore Section from 74.200 to135.304 km of NH-275 in the State of Karnataka to be executed on Hybrid Annuity Mode.

The cost of the project is Rs2283.50cr for a period of 30 months. Operation period is for a period of 15 years from COD.

Dilip Buildcon Ltd is currently trading at Rs406.85 down by Rs5.85 or 1.42% from its previous closing of Rs412.70 on the BSE.

The scrip opened at Rs412.75 and has touched a high and low of Rs416.55 and Rs406.20 respectively. So far 1,09,541 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs5,644.49cr.

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