The project is for rehabilitation and upgradation to six laning of Chandikhole-Bhadrak section of NH-5 (new NH-16) from km 62 to km 135.5 in Odisha. (Representational Image)

New Delhi: Highway developer Dilip Buildcon (DBL) on Wednesday said it has bagged a road project worth Rs 1,522 crore from NHAI in Odisha.

"The company has been declared L-1 bidder by the National Highways Authority of India (NHAI) for a new hybrid annuity project...in Odisha," Dilip Buildcon said in a BSE filing.

The project is for rehabilitation and upgradation to six laning of Chandikhole-Bhadrak section of NH-5 (new NH-16) from km 62 to km 135.5 in Odisha, the company added.

Shares of Dilip Buildcon were trading 1.69 per cent higher at Rs 958.90 apiece on BSE.