Dilip Buildcon has emerged as a lowest bidder (L-1) for Rs 32.69 billion road projects in Maharashtra. National Highways Authority of India (NHAI) has declared Dilip Buildcon as the successful bidder (L-1) for three projects in a single stretch in the state of Maharashtra.

The projects include four-laning of Mahagaon to Yavatmal section of NH-361 (package II) at a project cost of Rs 11.60 billion and four-laning of Yavatmal to Wardha section of NH-361 for Rs 10.43 billion.

The other project is for four-laning of Warciha-Butibori Section of NH-361 at a cost of Rs 10.65 billion. All the projects are under hybrid annuity mode and would be done under the National Highways Development Project (NHDP).

Shares of the company gained Rs 2.90, or 0.82%, to trade at Rs 364.50. The total volume of shares traded was 0 at the BSE (9.03 a.m., Friday).