Dilip Buildcon Limited has informed the Exchange about General Updates
DBL · price
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Awaiting price reaction for this filing.
Dilip Buildcon has received the Provisional Completion Certificate for its four-laning highway project on the Puducherry-Poondiyankuppam stretch of NH-45A (New NH-332) in Tamil Nadu and Puducherry, built under Bharatmala Pariyojana Phase I on a Hybrid Annuity Mode (HAM) basis. The project, with a bid cost of Rs. 1,228 crore, has been declared fit for commercial operation from May 16, 2025. The project comes with a 15-year operation period from the commercial operation date, with a first-year O&M cost of Rs. 3 crore. This is a key milestone that allows the company to begin receiving annuity payments from the authority over the next 15 years.
Positive for shareholders — the project is now revenue-generating, strengthening DBL's cash flow visibility with steady annuity income over 15 years and improving order execution credibility for future bids.