Dilip Buildcon Limited has received a Letter of Award (LOA) for a major highway project in Maharashtra. The project, valued at ₹688.23 crore (excluding GST), involves the construction of a 4-lane elevated corridor on NH-65 in Solapur City. The project will be executed on a Hybrid Annuity Mode, with a construction period of 24 months and an operation period of 15 years from the date of commencement.
Major Highway Project Secured
Dilip Buildcon Limited (DBL) has been awarded a significant Letter of Award (LOA) for a crucial infrastructure project in the state of Maharashtra. The project, titled “Construction of 4 lane elevated corridor including approaches from Old Pune Naka to Boramani Naka on NH-65 in Solapur City”, has an order value of ₹688.23 crore (excluding GST).
Project Details and Execution
The project will be undertaken on a Hybrid Annuity Mode (HAM), a model that involves both government and private investment. The scope of work includes the construction of a 4-lane elevated corridor and its associated approaches, spanning a length of 9.66 Km (from Km 0.050 to Km 9.710). The construction phase is expected to be completed within 24 months, followed by an operation period of 15 years from the Commercial Operation Date (COD).
Strategic Importance
This new contract not only bolsters Dilip Buildcon’s order book but also underscores its strong capabilities in executing large-scale highway projects. The award signifies continued business development and reinforces the company’s presence in the infrastructure development sector, particularly in Maharashtra.
Source: BSE
