Dilip Buildcon (DBL) has incorporated a special purpose vehicle (SPV), DBL Poondiyankuppam Highways, for executing a road project.
The new SPV incorporated will undertake four-laning of Puducherry-Poondiyankuppam section of NH-45A from 29.000 km to 67.000 km (design ch) under Bharatmala Pariyojana Phase-I (residual NHDP-IV works) on hybrid annuity mode (HAM) basis in the state of Tamil Nadu and the Union Territory of Puducherry.
The bid project cost is Rs 1,228 crore with a completion period of 24 months. The operation period is 15 years from COD.