Bangarupalem Gudipala Highways, a wholly-owned subsidiary of Dilip Buildcon has received the financial closure letter from the National Highways Authority of India (NHAI) for a road project.

The scope of work includes construction of four-lane Bangalore-Chennai Expressway from 127.000 km (Bangarupalem) to 156.000 km (Gudipala) section in the state of Andhra Pradesh under Bharatmala Pariyojana on hybrid annuity mode (Phase-II/Package-III).

The estimated value of the project is Rs 1,060 crore with completion period of 24 months.

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