Dilip Buildcon limited (DBl), India’s largest EPC player, received lOA (letter of Award) from NHAI for four-lane of lucknow-Sultanpur section of NH-56 from 11.50 to km 134.70 in the State of Uttar Pradesh under (approx. length 123.300 km) NHDP Phase IV on a hybrid annuity basis (The Project). The estimated project cost is approximately Rs2,016 crore and the first year O&M cost of Rs5 crore. The concession period for the same is 15 years excluding construction period of 910 days. Devendra Jain, CEO, DBl said that this would further strengthen company’s position in the road construction sector. The company had an order book of Rs10,530 crore as of March 31, 2016, he added.