Hot Pursuit     14-Jul-23
Dilip Buildcon gets completion certificate for Maharashtra project
The civil construction company announced that it has received a completion certificate for a construction project in Maharashtra.

The scope of the project involved construction of access controlled Nagpur-Mumbai super communication expressway (Maharashtra Samruddhi Mahamarg) in the state of Maharashtra on EPC mode for Package-12, from village Pathare Kh to village Sonari in district Nashik. The cost of the project stood at Rs 1,698 crore.

The project's appointed date was 15 January 2019 and the scheduled completion date was 12 June 2021, which was 910th day from the appointed date. The revised scheduled completion date including EOT (extension of time) was 8 November 2022.

The completion certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on 3 December 2022.

Dilip Buildcon is one of the leading full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage, dams, irrigation, industrial, commercial and residential buildings with a presence in over 19 states & 1 union territory.

The company reported net loss of Rs 73.16 crore in Q4 FY23 as compared with net loss to Rs 55.51 crore in Q4 FY22. Net sales jumped 6.7% year on year to Rs 2,841.05 crore in Q4 FY23 over Q4 FY22.

Shares of Dilip Buildcon were up 0.31% to Rs 245.20 on the BSE.

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