Dilip Buildcon becomes best bidder for railway works in Chhattisgarh

Dilip Buildcon Limited has been declared as L-1 bidder on percentage rate (EPC Project) for civil works, which include earthwork required for the formation of railways in the state of Chhattisgarh over South East Central Railway, Package II.   

The work would include earthwork for railway formation, blanketing work, minor & major bridges, RoB, RUB, track linking works (which includes the supply of ballast but excludes supply of rails & sleepers). The work-related to the station consists of the station & other service building, staff quarters, platform works, including general electric works for the section between Sendurgarh (67 km) and Pendra Road (135 km).    

The bidding cost of the project, which is expected to be completed in 30 months by the company, excluding GST, is Rs 654.97 crore.  

The shares of the company opened strongly on Thursday with the share price trading at Rs 497.60, up by 2 per cent from its previous close. At 11.15 am today, its share price declined from the intraday highs and was trading at Rs 486.80, slightly lower than Wednesday’s closing price of Rs 487.40.