Dilip Buildcon secures completion certs for 3 expressway packages
Dilip Buildcon Limited has secured provisional completion certificates for three packages of the Bengaluru-Vijayawada Economic Corridor, allowing them to enter commercial operation. The projects, executed under the Hybrid Annuity Mode, have a combined cost of ₹2,153.72 crore. The commercial operation dates range from May 2 to June 2, 2026.

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Dilip Buildcon Limited has received provisional completion certificates for three sections of the Bengaluru-Vijayawada Economic Corridor, enabling the entry of these infrastructure assets into commercial operation. The projects, part of the Bharatmala Pariyojana Phase-I in Andhra Pradesh, were executed on a Hybrid Annuity Mode (HAM) with a combined project cost of ₹2,153.72 crore. The declaration allows the company to recognize revenue from these assets, impacting its financial performance for the current fiscal year.
The Authority declared the projects fit for commercial operation effective June 2, 2026, for Package-7, and May 2 and May 4, 2026, for Packages 1 and 4, respectively. The disclosures were made in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the trading window for insiders and designated persons remains closed until 48 hours after the declaration of financial results for the quarter ended June 30, 2026, in compliance with insider trading regulations.
Project Details
| Project | Mode | Project Cost | Appointed Date | Provisional Completion Date |
|---|---|---|---|---|
| Bengaluru-Vijayawada Expressway Package-1 Limited | Hybrid Annuity | ₹599.50 Crores | 05.02.2024 | 02.05.2026 |
| Bengaluru-Vijayawada Expressway Package-4 Limited | Hybrid Annuity | ₹774.10 Crores | 05.02.2024 | 04.05.2026 |
| Bengaluru-Vijayawada Expressway Package-7 Limited | Hybrid Annuity | ₹780.12 Crores | 07.03.2024 | 02.06.2026 |
Historical Stock Returns for Dilip Buildcon
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.15% | -7.46% | +2.06% | -6.40% | -14.76% | -26.66% |
How will the revenue recognition from these assets impact Dilip Buildcon's profit margins and cash flow for the fiscal year ending March 2027?
What is the expected timeline for the final completion certificates, and are there any anticipated risks that could delay the full commercial operation?
Will the successful completion of these HAM projects improve the company's competitive edge in securing future contracts under Bharatmala Pariyojana Phase-II?































