Dilip Buildcon gets Rs702 crore LoA for Surat metro rail project phase 1; Stock soars 3%

17 Oct 2022 , 10:13 AM

Dilip Buildcon Limited has received letter of acceptance (LOA) from the Gujarat Metro Rail Corporation (GMRC) Limited for “Surat Metro Rail Project Phase-I (Pkg-CS-6)” in the state of Gujrat, order worth Rs702.02 crore.

As per the filing, the LOA is for “Construction of 8.702 kms elevated viaduct and 7 nos. stations (Excl. E&M, Architectural Finishing and Roofing) from Majura Cate (Ch. 9090 m) to Saroli Dead End (Ch. 17791.851 m) under conidor-2 in connection with Surat Metlo Rail Project Phase – I (Pkg-CS-6).”

Further, the estimated completion period is 26 months, the company said in a filing.

On Monday, at around 10:10 AM, Dilip Buildcon Ltd is currently trading at Rs224.10 per share up by Rs6.8 or 3.13% from its previous closing of Rs217.30 per share on the BSE.

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