Dilip Buildcon shares jumped 3% in early trade on Monday after the company announced that its joint venture with RBL (DBL-RBL JV) has emerged as the lowest bidder (L-1) for a major metro rail infrastructure project in Gurugram, Haryana. As of 9:47 AM, the shares were trading 2.76% higher at Rs 471.40.
The contract, awarded by Gurugram Metro Rail Limited (GMRL), involves the construction of a viaduct and 14 elevated metro stations on a key stretch of the city’s upcoming metro corridor. The project, covering approximately 15.22 km, will span from Millennium City Centre to Sector 9, with additional spurs and structures including:
-
A 1.85-km spur towards Dwarka Expressway
-
A ramp leading to the depot at Sector 33
-
An underpass at Bhaktawar Chowk
This corridor is a significant part of the larger Gurugram Metro project, which covers a total distance of 26.65 km between Millennium City Centre and Cyber City, including a separate spur from Basai Village to the Dwarka Expressway.
The total contract value stands at ₹1,503.63 crore, inclusive of GST, and will be executed on an item-rate basis. The execution timeline for the project is 30 months from the start date.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
