Dilip Buildcon (DBL) is one of the leading private sector road-focused EPC contractors in India, has received the letter of acceptance (LoA) from the National Highways Authority of India (NHAI) on Hybrid Annuity basis in the state of Andhra Pradesh.

The project includes construction of 4lane Bangalore Chennai Expressway from Km 127.000 (Bangarupalem) to Km 156.000 (Gudipala) Section in the State of Andhra Pradesh under Bharatmala on Hybrid Annuity Mode (Phase II/Package III). The bid project cost is Rs 10.60 billion and completion period of the project is 24 months.

Shares of the company gained Rs 1.65, or 0.31%, to settle  at  Rs 527.45.  The total volume of shares traded  was  27,539 at  the BSE (Thursday).