Dilip Buildcon Solapur Elevated Corridor: Rs 688 Crore NHAI Award

Dilip Buildcon has received the Letter of Award for the Rs 688.23 crore four-lane elevated corridor on NH-65 through Solapur city, a month after it was declared the lowest bidder. With the LoA in hand, the 9.66 km job is a firm order. It is mostly piling and concrete work, so the machines it pulls are piling rigs, cranes, batching plants and concrete pumps rather than a big earthmoving spread.

What Dilip Buildcon disclosed

The company filed the award under Regulation 30 on Thursday morning. InvestyWise reported the same value, chainage, mode and periods from that filing. On 28 September the company had disclosed that it was L-1 on this package, and Angel One and HDFC Sky reported the same scope at that stage. The filing does not give an appointed date, the share of viaduct versus at-grade approaches, or the construction method for the deck.

What does Rs 71 crore a kilometre buy?

Rs 688.23 crore over 9.66 km comes to about Rs 71 crore per km. That is below the roughly Rs 93 crore a kilometre we worked out for the Visakhapatnam Port elevated road, which is a shorter structure inside a port estate. No at-grade widening job comes near either rate. Nearly all of the money goes into foundations, piers and deck, not pavement.

What it means for buyers

An urban viaduct of this length is a piling-and-concrete contract. Expect hydraulic rotary piling rigs working down the existing road, crawler cranes for pier cages, pier caps and girder or segment erection, and a batching plant feeding transit mixers and boom concrete pumps for the full term. The approaches at each end need fill, so mid-size excavators, tippers and soil compactors get a shorter, earlier window. Solapur sits on Deccan basalt, so some piles may need rock socketing, which favours heavier rigs. The design has not been published, so treat that as a possibility, not a spec.

On money flow, Rs 688 crore over 24 months is about Rs 29 crore of work a month once the site is running. Under NHAI’s standard HAM terms, 40 per cent of the bid project cost (about Rs 275 crore here) is paid during construction against milestones. The rest comes back as annuities over the 15-year operation period. That means Dilip Buildcon finances most of the build.

Our take: Dilip Buildcon runs a large owned fleet, so the core piling and crane work will probably stay in-house. Local owners in Maharashtra are better placed for hire work: transit mixers, tippers, backhoe loaders for utility shifting, and small cranes. A HAM job also needs a concession agreement and financial closure before the appointed date, so heavy mobilisation is more likely months away than weeks.

FAQ

What did Dilip Buildcon win in Solapur?

A Letter of Award for a Rs 688.23 crore (excluding GST) four-lane elevated corridor with approaches on NH-65, from Old Pune Naka to Boramani Naka in Solapur City. It runs on Hybrid Annuity Mode for NHAI.

How long is the Solapur elevated corridor and when will it be built?

The project covers 9.66 km. Construction is set at 24 months, with 15 years of operation after that. The appointed date has not been announced.

Which machines does an elevated corridor need?

Mainly piling rigs, crawler cranes or a launching gantry, batching plants, transit mixers and concrete pumps, with excavators, tippers and compactors on the approaches. The exact mix depends on a design that is not yet public.

Prices, specifications and features are indicative, vary by variant, location and date, and should always be confirmed with the official OEM or authorised dealer before any purchase decision. DesiMachines is not liable for decisions taken on the basis of information that may have changed after publication.

Related on DesiMachines: The Rs 334 crore Visakhapatnam Port elevated road and its viaduct fleet

Source: InvestyWise

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