Dilip Buildcon bags Rs 702-cr deal for Surat Metro Rail project

The company executed a contract agreement with the Gujarat Metro Rail Corporation (GMRC) Ltd on Friday.

Pavin Elsa NelsonUpdated: Saturday, December 03, 2022, 04:49 PM IST
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Dilip Buildcon will execute a contract agreement with Gujarat Metro Rail Corporation (GMRC) Ltd for the Surat Metro Rail Project Phase -1 in Gujarat, according to a company filing with the stock exchanges.

In continuation to the announcement on October 15 and in accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company executed a contract agreement with the Gujarat Metro Rail Corporation on Friday.

DIlip Buildcon will construct 8.702 km elevated viaduct and seven stations from Majura Gate to Saroli Dead End under corridor-2 for the Surat Metro Rail Project Phase - 1. The cost of the project is Rs 702.02 crore.

The company has been given 26 months to complete the project.

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