Dilip Buildcon declared as L-1 bidder for Rs723 crore road project; Stock sheds 2%

3 Oct 2022 , 10:04 AM

Dilip Buildcon Limited has been declared as L-1 bidder for the tender floated by the Gujrat Metro Rail Corporation (GMRC) Limited.

As per the filing, the tender is for “Construction of 7.553 kms elevated viaduct and 7 nos. of stations (incl. E&M, Architectural Finishing, Roofing, Plumbing, Signage, etc.) from Sector-I to Mahatma Mandir (ch. 31945.443m to 39498.302m. Package C3) in connection with Ahmedabad Metro Rail Projecr. Phase-2.”

The project cost is Rs723.45 crore, excluding GST. Further, the completion period is 24 months.

At around 10:02 AM, Dilip Buildcon Ltd is currently trading at Rs216.50 per share down by Rs4.65 or 2.1% from its previous closing of Rs221.15 per share on the BSE.

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