Dilip Buildcon (DBL) shares surged more than 4% in Wednesday morning trade after the company, through its joint venture DBL-PSP JV, emerged as the L1 bidder for a key infrastructure project in Kerala.
The tender, issued by the Kerala Industrial Corridor Development Corporation Limited, covers the design, construction, testing, commissioning, and operation & maintenance (O&M) of infrastructure works at Pudussery Central and Kannambra in the Palakkad Node. This project forms part of the extension of the Chennai-Bengaluru Industrial Corridor (CBIC) to Kochi via Coimbatore.
Awarded on an EPC (Engineering, Procurement, and Construction) basis, the project carries a contract value of ₹1,115.37 crore (excluding GST) and is expected to be completed within 42 months.
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