Dilip Buildcon (DBL) has emerged as lowest bidder for a new hybrid annuity mode (HAM) project worth Rs 1137 crore in Karnataka.
The project entails four laning of Sannur to Bikarnakette section of NH-169 under Bharathmala Pariyojana on Hybrid Annuity Mode in Karnataka. The bid project cost of the 45.01 km-long project is Rs 1,137 crore. The completion period is 24 months and operation period is 15 years. The announcement was made during market hours today, 25 March 2021.Meanwhile, Repallewada Highways, wholly-owned arm of Dilip Buildcon (DBL), has received a letter of the appointed date from the National Highways Authority of India (NHAI) and had declared the appointed from 1 March 2021.
The project entails four laning of NH-363 from Repailewada to Telangana/Maharashtra border in Telangana on Hybrid Annuity mode (HAM). The bid cost of the 52.60 km-long project is Rs 1,140.50 crore on a hybrid annuity basis and is expected to complete within a tenure of 24 months (i.e 2 years). In the year, the project will incur Rs 3 crore on operations & maintainenece (O&M).
Further, DBL said that it has incorporated two new special purpose vehicles (SPVs) companies as a wholly owned subsidiaries. Bangalore Malur Highways is undertaking four laning of Bangalore to Malur Section of Bangalore Chennal Expressway on Hybrid Annuity Mode under Dharatinaja Parojna, in Karnataka (Phase-I Package-I). The bid cost of the 27.10 km-long project is Rs 1,160 crore on a Hybrid Annuity basis and is expected to complete within a tenure of 24 months (i.e 2 years).
Malur Bangarpet Highways is undertaking 4 lane expressway of Malur to Bangarpet Section of Bangalore Chennai Expressway on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnat.aJca (Phase-I Package II). The bid cost of the 27.10 km-long project is Rs 1,279 crore on a hybrid annuity basis and is expected to complete within a tenure of 24 months (i.e 2 years).
DBL's consolidated net profit jumped 107.4% to Rs 181.91 crore on 7.1% increase in net sales to Rs 2,746.19 crore in Q3 FY21 over Q3 FY20.
Shares of DBL declined 3.25% to Rs 559 on BSE. Dilip Buildcon is one of the leading full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage and dams with a presence in over 19 states.
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