Sets up SPV - DBL Tuljapur Ausa Highways (SPV)
Dilip Buildcon announced that the Concessionary Company DBL Tuljapur Ausa Highways (SPV) has been incorporated for the Road Project of 'four laning Tuljapur - Ausa (including Tuliapur Bypass) Road Project Section of NH-361 from Km 0.000 to km 55.835 under NHDP Phase IV on Hybrid Annuity Mode in the State of Maharashtra' at bid Project cost of Rs. 911.07 crore (the Project).Shrem Infraventure (the Investor) will invest 49% of the Equity Share Capital in the SPV and that the Company will hold the remaining 51% stake in said SPV. Further, that on completion of two years from the Commercial Operation date of the said Project, the Investor will acquire 100% stake of the SPV i.e. 51% stake held by Dilip Buildcon will also be acquired by the Investor and the Company will hand over the Project to the Investor for operation.
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