Dilip Buildcon to monetise old projects to execute new hybrid annuity ones

Dilip Buildcon might opt for a follow-on public offer during the year

Infrastructure firm Dilip Buildcon, in a bid to get National Highway (NH) contracts, is planning to monetise its old projects for executing new hybrid annuity projects being offered by the central government.

According to sources, the company has firmed up plans to sell its completed projects, mainly in Himachal Pradesh, Gujarat, Maharashtra and Madhya Pradesh.

The company is executing three NH contracts worth Rs 3,333.13 crore and covering a length of 261.72 km in Uttar Pradesh, Maharashtra and West Bengal, according to the latest data of the National Highways Authority of India (NHAI).

Last week, Dilip Buildcon announced that it had bagged two