Project Details -
1. 4 laning from km 0.000 to km 26.400
(along with 0.700km approach
towards NH 207 with interchange on
NH4 at start point) of Bangalore to
Malur Section of Bangalore Chennai
Expressway on Hybrid Annuity Mode
under Bharatmala Pariyojna, in the
state of Karnataka (Phase-I Package I)
Bid project cost - Rs 1160 crore
2. 4 Lane Expressway from km 26.400 to
km 53.500 of Malur to Bangarpet
Section of Bangalore Chennai
Expressway on Hybrid Annuity Mode
under Bharatmala Pariyojna in the
state of Karnataka (Phase-I Package II).
Bid project cost - Rs 1279 crore
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dilip Buildcon rose 3.43% to Rs 651.75 after the company said it was declared as the lowest (L1) bidder for two tenders floated by the National Highways Authority of India on hybrid annuity basis (HAM) in Karnataka.The scope of first project involves four laning Bangalore to Malur section of Bangalore Chennai Expressway on HAM under Bharatmala Pariyojna. The bid project cost is Rs 1,160 crore and it is to be completed in 24 months. The length of the project is 27.10 kilometre with an operation period of 15 years.
The second project is for four laning of expressway from Malur to Bangarpet on Bangalore Chennai Expressway on HAM under Bharatmala Pariyojna. The bid project cost is Rs 1279 crore and the project is to be completed in 24 months. The length of project is 27.10 kilometres with an operation period of 15 years.
Shares of Dilip Buildcon shot up 4 per cent to Rs 657 on the BSE on Wednesday after the company announced that it has been declared as L-1, or lowest bidder, for two new Hybrid Annuity Mode (HAM) projects Bangalore Chennai Expressway under Bharatmala Pariyojna in the state of Karnataka, Phase -I (Package- I & II) worth Rs 2,439 crore.
The stock hit a fresh 52-week high today, rallying 54 per cent in the past one month, as compared to 2.4 per cent rise in the S&P BSE Sensex. In the past three months, the stock has zoomed 80 per cent, against 12 per cent gain in the benchmark index.