Dilip Buildcon climbs ~3% on securing new order worth Rs1,061 crore from GMRC

4 Oct 2022 , 01:48 PM

Dilip Buildcon Limited informed that the company via its RBL-DBL JV has received LoA from Gujarat Metro Rail Corporation (GMRC) Limited in the state of Gujarat.

The project is for 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. -949.63 m) to Majura Gate Station, including Viaduct Ramp to Depot Entry Near Bheshan for Surat Metro Rail Project Phase-1.

As per the company, the estimated cost of the project is Rs1,061 crore.

The company expects to complete the project within a period of 26 months.

At around 1.51 PM, Dilip Buildcon was trading at Rs222.35 up by 3.35% from its previous closing of Rs215.15 on the BSE. The scrip touched intraday high and low of Rs238.10 and Rs219 respectively.

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