Dilip Buildcon (NSE:DBL, BOM:540047) has received a letter of acceptance for an order worth 8.79 billion Indian rupees from the National Highways Authority of India, according to a Friday filing to the Indian stock exchanges.
The contract is for the four-laning of the Paramakudi to Ramanathapuram section of National Highway-49 in Tamil Nadu on hybrid annuity mode.
The project will be executed in 24 months and have an operation period of 15 years from the commercial operation date (COD).
The company's shares were up nearly 1% in recent trade.