Dilip Buildcon emerges as L1 bidder for Rs. 601 crore project

Road and Infrastructure developer Dilip Buildcon has been declared lowest bidder for a new EPC project Navnera Barrage (Dam) under phase 1/A. The project is worth Rs. 601.02 crore, the bid was called by the Water Resource Department, Kota, Rajasthan, as informed by the company to bourses.

The project work involves Survey, Planning & Design Construction of Navnera Barrage (Dam) including HM work, across River Kalisindh, near village Abra, Tehsil Digod, Kota, Rai, under ERCP Phase 1/A on Engineering, procurement and construction single Responsibility turnkey basis. The construction period for this project is around 48 months.

In the last week also the company has been declared lowest bidder for Indore Metro Rail project, Phase -I, valued at Rs. 228.96 crore by the Madhya Pradesh Metro Rail Co.

Meanwhile, the stock of Dilip Buildcon on Tuesday’s trading session opened gap up at Rs. 749.95 per share as against previous close of Rs. 711.25. At 14.45 hours, the stock was trading at Rs. 684 apiece.