Dilip Buildcon bags LOA for project worth Rs723.45 crore

20 Oct 2022 , 03:29 PM

Dilip Buildcon Limited informed that it has received the letter of acceptance (LOA) from the Gujarat Metro Rail Corporation (GMRC) Limited.

The company has received the order for the construction of 7.553 kms elevated viaduct and 7 nos. of stations (incl. E&M, Architectural Finishing, Roofing, Plumbing, Signage, etc.) from Sector- 1 to Mahatma Mandir in connection with Ahmedabad Metro Rail Project, Phase-2.

As per the company, the estimated cost of the project is Rs723.45 crore.

The company expects to complete the project within a period of 24 months.

At around closing, Dilip Builcon was trading at Rs220 up by 0.69% from its previous closing of Rs218.50 on the BSE. The scrip touched intraday high and low of Rs223.75 and Rs217.15 respectively.

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