Dilip Buildcon Emerges Lowest Bidder for ₹8.8 Billion NHAI Project in Tamil Nadu

Dilip Buildcon Ltd. has been declared the lowest bidder for a ₹8.79 billion order from the National Highways Authority of India under the hybrid annuity model, the company said in an exchange filing on Monday.

The project involves four-laning a 46.67-kilometre stretch of the national highway between Paramakudi and Ramanathapuram in Tamil Nadu. The completion period is 24 months, with an operation period of 15 years from the date of commercial operation.