Dilip Buildcon emerges as L1 bidder for Surat Metro Rail Project worth Rs1,061 crore; stock zooms ~2%

20 Jun 2022 , 09:25 AM

Dilip Builcon Limited informed that the company through a RBL-DBL JV has declared as L-1 bidder for the tender floated by the Gujarat Metro Rail Corporation (GMRC) Limited.

The scope of work includes the construction of a 10.559 Km Elevated Viaduct and 11 Nos, Stations (Excl. E&M, Architectural Finishing, and Roofing) from Bheshan dead-end (Ch. -949.63m) to Majura Gate Station (Ch. 9090m) including Viaduct Ramp to Depot Entry Near Bheshan for Surat Metro Rail Project Phase – I, Corridor-2 (Package l).

The project received is worth Rs1,061 crore, and is to be completed within a period of 26 months.

Dilip Buildcon is currently trading at Rs203 up by Rs4.55 or 2.29% from its previous closing of Rs198.45 on the BSE. The scrip opened at Rs203 and has touched intraday high and low of Rs206 and Rs202.25 respectively.