Dilip Buildcon has received Letter of Award (LoA) from the National Highways Authority of India (NHAI) (Ministry of Road Transport & Highways, Government of India) for three projects in a single stretch in the state of Maharashtra.

The first project is for four laning of Mahagaon to Yavatmal section of NH-361 from Km 320.580 to Km 400.575 (Package-II) in the state of Maharashtra under NHDP Phase IV on Hybrid Annuity mode at a Project cost of Rs 11.60 billion, having the length of 80.195 Km.

The second project is for four laning of Yavatmal to Wardha section of NH-361 from Km 400.575 to Km 465.500 (Package-III) in the state of Maharashtra under NHDP Phase IV on Hybrid Annuity Mode at a Project cost of Rs 10.43 billion having length of 64.925Km, while the third project is for four laning of Wardha-Butibori Section of NH-361 from km 465.500 to km 524.690 (design length 59.190 km) under NH (O) in the State of Maharashtra on Hybrid Annuity Mode at a Project cost of Rs 10.65 billion. The completion period for all projects is 30 months.

Shares of the company gained Rs 7.55, or 2.21%, to trade at Rs 348.00. The total volume of shares traded was 2,860 at the BSE (9.25 a.m., Thursday).