· Receives LOA for Four Laning of Lucknow- Sultanpur Section of NH 56
· Order book swells to over Rs. 12,000 crore
Bhopal, August 18, 2016: Dilip Buildcon Limited (DBL), India’s largest EPC player, received LOA (Letter of Award) from NHAI for four laning of Lucknow-Sultanpur section of NH-56 from 11.50 to km 134.70 in the state of Uttar Pradesh under (approx. length 123.300 km) NHDP Phase IV on a hybrid annuity basis (“The Project)”.
The estimated project cost is approximately Rs. 2,016 crore and the first year O&M cost of Rs.5 crore. The concession period for the same is 15 years excluding construction period of 910 days.
Mr. Devendra Jain, CEO, DBL said: “We are extremely happy that we bagged this order, which is the largest under HAM category. This will further strengthen our position in the road construction sector. We had an order book of Rs. 10,530 crore as of March 31,2016 and since then we have bagged contracts worth Rs. 2,600 crores. We have already completed work valued at over Rs.1,000 crore during Q1 FY17 which is 15%-20% more than Q1 FY16 . We hope to continue the momentum in future, too.”
About Dilip Buildcon Limited:
Dilip Buildcon India’s largest EPC Company. The company is building roads, bridges, dams, canals, water supply etc. having a total order book of Rs. 12,000 crore (approx.), across 12 states. Each project is executed by company’s workforce of over 21,000 employees using a large fleet of over 7,345 modern construction equipment. Owing to its unique strategy and focused approach the company has grown from Rs. 1,192 crore in 2012 to Rs. 4,349 crore in 2016.