Dilip Buildcon completes 4 laning project in Lucknow

The construction company has received completion certificate and is entitled to a bonus of Rs. 37,90,08,000 towards earlier completion of the project.

The hybrid annuity project in the Uttar Pradesh which consisted of four laning of Lucknow- Sultanpur Section of NH-56 from 11 Km to 134 Km, measuring total length of 127.42 Km under NHDP Phase IV has been completed. Authority has issued the completion certificate for the project on July 6, 2019 and has declared it fit for operation, informed the company in a press release on Tuesday. The project was scheduled to be completed on November 4, 2019, but the company managed to complete the same 188 day prior to schedule and thus is entitled to a maximum bonus of Rs. 37.90 crore. The project cost is Rs. 2,016 crore.

Earlier, in June, the company informed that the project has received provisional completion certificate for four Laning of NH-9 from Vijayawada - Machilipatnam section.

On Tuesday, at 15:01 hours, the stock of Dilip Buildcon was trading at Rs. 429.00 per share, down by 0.17 per cent on BSE. The stock hit a high of Rs. 437.30 per share and low of Rs. 415.00 per share during intraday trade.