Infrastructure firm Dilip Buildcon announced on Monday that it has entered into an agreement for a project valued at Rs 396.93 crore in the state of Rajasthan. This development follows the company's receipt of a Letter of Acceptance (LOA) from the water resources zone in Udaipur.

The project, which is based on an Engineering, Procurement, and Construction (EPC) Turnkey model, is slated to be completed within a span of 44 months, as stated in a regulatory filing by Dilip Buildcon.

According to the company's statement, ""Dilip Buildcon has received LOA and signed the agreement for the new project planning, design and construction of Dewas IlI and IV Dams Tehsil-Gogunda Udaipur district in Rajasthan...including 10 years 0&M (operations and maintenance)."" The formal agreement has been inked with the water resources zone in Udaipur.

This project is expected to contribute to the region's infrastructure development and enhance water resources management in Rajasthan.