India, Oct. 27 -- Dilip Buildcon Ltd has been declared the lowest (L-1) bidder for a National Highways Authority of India (NHAI) project in Tamil Nadu, awarded on a Hybrid Annuity Model (HAM) basis. The announcement was made in accordance with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
The project involves the four-laning of the Paramakudi–Ramanathapuram section of NH-49 (new NH-87) from Km 80.360 to Km 127.025, covering a total length of 46.665 km. The estimated project cost is ?879.30 crore (excluding GST).
The project will be executed over a 24-month construction period, followed by an operation period of 15 years from the date of commercial operation (COD).
Awarded by a domestic entity, the Nation...