Dilip Buildcon Limited informed that the Company has incorporated a new SPV Company named "Maradgi S Andola-Baswantpur Highways Limited" as a wholly owned subsidiary of company. Maradgi S Andola - Baswantpur Highways Limited for the development of six lane access controlled Greenfield highway from 97,000 kilometers to 162.500 kilometers Maradgi S Andola to Baswantpur section of NH-150C (package-III of Akkalkot - KNT /TS border) on hybrid annuity mode under Bharat mala pariyojna. this project costs 158.9 million in hybrid annuity mode with a completion period of 30 months and operation period of 15 years from COD with a length of 65.50 kilometers.