Dilip Buildcon gets ₹688 crore NHAI order for Solapur elevated corridor

Order win
Road construction

Blacklitt Research29 October 20262 min read

An elevated road under construction with concrete crash barriers, fresh asphalt, and people walking on the road below. — Siddhartha Ghai, Sumit Nangia, via Wikimedia Commons (CC0). Illustrative image.

Dilip Buildcon (NSE: DBL) has received a Letter of Award from the National Highways Authority of India (NHAI) for a ₹688.23 crore elevated corridor in Solapur City, it said in a filing on 29 Oct 2026. The 4 lane project on NH-65 is on Hybrid Annuity Mode, with 24 months to complete and a length of 9.66 km.

Key highlights

Project cost excluding GST: ₹688.23 crore
Completion period: 24 months
Operation period: 15 years from COD
Project length: 9.66 km

The order in numbers

Item	Detail
Awarded by	National Highways Authority of India
Mode	Hybrid Annuity Mode (HAM)
Value	₹688.23 crore excluding GST
Scope	Construction of a 4 lane elevated corridor, including approaches, from Old Pune Naka to Boramani Naka on NH-65, Solapur City, Maharashtra (Km 0.050 to Km 9.710)
Duration	24 months to complete; 15 years of operation from COD
Domestic or international	Domestic

Order size and scope

Dilip Buildcon's Letter of Award is from the National Highways Authority of India, for a project in the State of Maharashtra. The project cost is ₹688.23 crore excluding GST, and the stretch runs from Km 0.050 to Km 9.710 on NH-65.

The work is described as construction of a 4 lane elevated corridor including approaches, from Old Pune Naka to Boramani Naka in Solapur City, on Hybrid Annuity Mode.

Timeline and recent results

Construction is to be completed within 24 months, and the operation period runs for 15 years from COD (commercial operation date). An earlier disclosure dated 28 Sep 2026 is referenced in this one.

In its latest reported quarter, Q1 FY27 on a consolidated basis, Dilip Buildcon recorded total income of ₹2,424.90 crore, down 14.5% year on year, and net profit of ₹128.01 crore, down 52.8%.

What the order means for Dilip Buildcon's shareholders

The company adds an award of ₹688.23 crore excluding GST, with a 24-month build period followed by 15 years of operation from COD. The filing does not say what revenue or profit the project will add, what the annuity payments are, when the concession agreement will be signed, or how the project will be funded.

The next dated step is the company's construction schedule, which the filing sets at 24 months from the start of work.

Reference: Original filing (PDF)

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