You are here: Home » Companies » News
Business Standard

Dilip Buildcon incorporates SPV for road project worth Rs 882 crore

Infrastructure developer Dilip Buildcon on Tuesday said it has incorporated a special purpose vehicle (SPV) for road project worth Rs 882 crore in Gujarat

Dilip Buildcon | Indian infrastructure | road projects

Press Trust of India  |  New Delhi 

Dilip Buildcon
Representative image

Infrastructure developer on Tuesday said it has incorporated a special purpose vehicle (SPV) for road project worth Rs 882 crore in Gujarat.

"The company has incorporated a special purpose vehicle (SPV) for a new HAM (hybrid annuity mode) project named as Dhrol Bhadra Highways as a wholly-owned subsidiary of Dilip Buildcon," the company said in a regulatory filing.

The product is for four laning of Dhrol-Bhadra Patiya section of NH-151A and Bhadra Patiya-Pipaliya Section of NH151A in Gujarat through public private partnership on design, build, operate and transfer (the DBOT annuity or hybrid annuity) basis.

In November 2019, the government approved the HAM for building National Highways to speed up the construction of roads in the country.

Shares of were trading 0.37 per cent lower at Rs 393.80 apiece on BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, January 05 2021. 12:17 IST