Shares of Dilip Buildcon zoomed as much as 11.66 per cent to Rs 390 on the BSE on Thursday after the company said it has received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for a new Hybrid Annuity Model project in Bihar.
“DBL has received letter of acceptance (LOA) for a new HAM project viz “construction and upgradation of NH-131A from km 34,600 near Narenpur to Km 79,97- near Purnea to 4 lane standard and from Km 79,970 to km 82,000 near Purnea to 2 lane with paved Shouders standard in the State of Bihar on (Hybrid Annuity) mode Project,” Dilip Buildcon said in an exchange filing today.
The project is valued at Rs 1,905 crore. It is to be completed in 24 months and its operation period is 15 years from the commercial operation date (COD), the company said.
