The project involved the construction of a 4-lane section of the Bangalore–Chennai Expressway from Km 127.000 (Bangarupalem) to Km 156.000 (Gudipala) in Andhra Pradesh, under Phase II/Package III.
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“In accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that the project—’Construction of 4-lane 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)’—has been provisionally completed,” the company said in an exchange filing.Executed on a Hybrid Annuity Mode (HAM), the project has been declared fit for commercial operation effective May 9, with a Provisional Completion Certificate issued by the authorities.
The project was completed within 24 months and includes a 15-year operation and maintenance period post the Commercial Operation Date (COD), with the first-year O&M cost estimated at Rs 3 crore.
Dilip Buildcon share price performance
Over the past year, shares of Dilip Buildcon have declined 6.81%. However, the stock has shown positive momentum more recently, rising 9.19% year-to-date (YTD), 8.45% in the last six months, 8.42% over the past three months, and 3.98% in the last month.
On Wednesday, shares of Dilip Buildcon closed 1.9% higher at Rs 498.05 on BSE.
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