Dilip Buildcon rises on emerging lowest bidder for Chhattisgarh-based project.

Dilip Buildcon gained 2.67% to Rs. 276.60 after the company said that it has been declared as L-1 bidder for a tender floated by the National Highways Authority of India worth Rs. 1,141 crore on hybrid annuity basis in the state of Chhattisgarh.

The project involves six laning the Sargi - Basanwahi section of NH-130-CD Road under Raipur-Visakhapatnam Economics Corridor in the state of Chhattisgarh on hybrid annuity mode (Package - CG-2 ) (Length 56.700 kms).

The project has to be complete within 24 months. Operation period is 15 years from commercial operational date (COD).

Dilip Buildcon is a full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage and dams with a presence in over 19 states.

BS