Recall of the Project by Department "Machilipatnam to Avanigadda" Awarded to Dilip Buildcon Limited in the State of Andhra Pradesh

• Security Code: 540047
• Company: DBL

Dilip Buildcon Ltd has informed BSE that the Ministry of Road Transport & Highways, Government of India has recalled the project "Rehabilitation and up-gradation of Machilipatnam to Avanigadda section from Km 84/550 to Km 124/200 of NH-214A (New NH-216) to two lane with paved shoulder in the state of Andhra Pradesh under NHDP -IV through an Engineering, Procurement and Construction (the "EPC") basis where the Company had been declared as the successful bidder (L-1) for the project.

The Ministry of Road Transport & Highways, Government of India has recalled the project because L-1 Bid price is higher than the departmental estimate i.e. 222.90 Crores.

Further, as per Company's Code of conduct of Prevention of insider trading pursuant to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, as amended, the Company is not closing the trading window separately for the said announcement because the trading window is already closed w.e.f. January 23, 2017 to February 10, 2017.