Dilip Buildcon Secures INR 160 Crore Road Construction Contract
Filing Summary
Dilip Buildcon Ltd has been declared the L-1 bidder for a road construction project in Odisha, valued at INR 160 Crore. The project involves the construction of a diversion road from 4/700 km to 11/500 km on the Duduka-Gopalpur-Toparia Road, including a 6-lane service road. The contract was awarded by the Odisha Bridge & Construction Corporation Limited and is set to be completed in 18 months. The project will be executed on an Engineering, Procurement, and Construction (EPC) basis.
Dilip Buildcon Ltd has been declared the L-1 bidder for a significant road construction project in Odisha. The project, valued at INR 160 Crore, involves the construction of a diversion road from 4/700 km to 11/500 km on the Duduka-Gopalpur-Toparia Road. This includes a 6-lane service road in the Sundargarh district. The project will be executed on an Engineering, Procurement, and Construction (EPC) basis and is expected to be completed within 18 months.
The contract was awarded by the Odisha Bridge & Construction Corporation Limited (OBCCL). The terms of the contract specify that it is a general contract awarded to the lowest bidder, known as the L-1 bidder. The project is domestic in nature, with no involvement of international entities. The contract does not fall within related party transactions, and there is no interest from the promoter or promoter group companies in the awarding entity.
As per the company’s code of conduct and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company will remain closed for all insiders and connected persons until 48 hours after the information is made public.
The Odisha Bridge & Construction Corporation Limited is a state-owned entity responsible for infrastructure development in Odisha. It focuses on the construction and maintenance of bridges and roads, contributing to the state’s connectivity and infrastructure growth.
Dilip Buildcon Ltd is a leading infrastructure development company in India, specializing in the construction of roads, bridges, and other civil engineering projects. The company prioritizes timely project delivery and quality execution, maintaining a strong presence in the Indian infrastructure sector.