Dilip Buildcon Limited forms SPV for HAM project.

The company has incorporated a special purpose vehicle (SPV) for a new HAM project named as "Dhrol Bhadra Highways Private Limited" as a wholly owned subsidiary of Dilip Buildcon Limited.

Dhrol Bhadra Highways Private Limited is formed for the project Four Laning of Dhrol - Bhadra Patiya section of NH-151A (Between Ex. Km 5+700 to Km 13+600 of SH-25) and Bhadra Patiya - Pipaliya Section of NH-151A (Between Ex. Km 73+000 to Km. 44+800 and Ex. Km. 38+350 to 24+000 of CSH-6) in Gujarat through Public Private Partnership (PPP) (the "Project") on design, build, operate and transfer (the "DBOT Annuity" or "Hybrid Annuity") basis.

The completion period of the project is 24 Months and Operation period is 15 years from COD.

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