Dilip Buildcon Limited has been declared as L-1 bidder for 'Construction of 4 lane elevated corridor including approaches from Old Pune Naka to Boramani Naka on NH-65 in Solapur City in ....
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Dilip Buildcon has been declared the lowest (L-1) bidder by the National Highways Authority of India (NHAI) for building a 4-lane elevated corridor on NH-65 in Solapur, Maharashtra. The project covers a 9.66 km stretch from Old Pune Naka to Boramani Naka and is valued at Rs. 688.23 Crores excluding GST. It will be executed on Hybrid Annuity Mode (HAM), with 24 months for construction and a 15-year operation period after commercial operations begin. Under HAM, the government shares part of the project cost, which lowers financial risk for the builder. The order is domestic and from a government entity, with no related-party involvement.
Positive for the stock — the order strengthens Dilip Buildcon's order book and provides revenue visibility, while the HAM model reduces upfront capital strain. NHAI-backed projects also carry low counter-party risk for shareholders.