Dilip Buildcon gains on emerging as L-1 bidder for Rs. 723-cr project.

Dilip Buildcon jumped 4.95% to Rs. 223.02 after the company said it was declared as the lowest bidder for Phase-2 of Ahmedabad Metro Rail project in the state of Gujrat.

The tender was floated by the Gujrat Metro Rail Corporation (CMRC). The project entails construction of 7.553 kilometers elevated viaduct and 7 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.

The cost for the project (excluding GST) is expected to be Rs. 723.45 crore. The estimated completion period is 24 months.

Dilip Buildcon is a full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage and dams with a presence in over 19 states.

BS