The project will be completed in two years. Credit: Hayden Walker on Unsplash.

India-based road company Dilip Buildcon has won a road project worth Rs8.6bn ($120m) in the Indian state of Chhattisgarh.

The project covers a length of 39.30km and will be completed in two years.

Dilip Buildcon will be responsible for the operation and maintenance of the project for 15 years, reported Dalal Street Investment Journal.

In a filing to the BSE, the company said: “We are pleased to inform you that the company has been declared as L-1 bidder in the tender floated by the National Highways Authority of India.”

Dilip Buildcon was selected as the L-1 bidder for the project, which covers the configuration of four lanes between Pathrapali and Kathghora in Chhattisgarh, under a Hybrid Annuity Mode by the National Highways Authority of India.

Last month, Dilip Buildcon executed an engineering, procurement and construction (EPC) agreement for a road project in the Indian state of Uttar Pradesh.

Dilip Buildcon executed the agreement, worth Rs12.5bn ($175m), with Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). This follows the selection and receipt of the letter of intent.

The Rs58.76bn ($824.52) Gorakhpur Link Expressway will be developed in two packages. The 91km-long expressway will run across Gorakhpur, Azamgarh, Ambedkarnagar and Sant Kabir Nagar districts.

The work includes the development of the expressway from Fulwariya in Ambedkar Nagar district to Salarpur in Azamgarh district at the Purvanchal expressway. The length of the road project under Package II is 43km.

Last November, the company also secured a contract valued $190.7m (Rs13.62bn) for the development of the Bundelkhand Expressway Package VI from Bakhariya in the Auraiya district to Kudrail in the Etawah district.