Dilip Buildcon JV executes contract agreement with Gujarat Metro Rail; Stock surges 4%

15 Dec 2022 , 09:19 AM

Dilip Buildcon Ltd through RBL-DBL JV has executed a contract agreement with the Gujarat Metro Rail Corporation (GMRC) Limited on December 13, 2022.

In a regulatory filing, the company informed that the order is for construction of 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 – 1, Corridor-2 (Package 1) [Pkg-CS-5).”

The project cost is Rs1061.00 crore and the completion period is 26 months.

At around 9:18 AM, Dilip Buildcon Ltd is currently trading at Rs238.80 per share up by Rs9.2 or 4.01% from its previous closing of Rs229.60 per  share on the BSE.

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