DBL Secures ₹1503 Cr Gurugram Metro Project: A Big Win! 🏗️

Big news from the infrastructure sector! Dilip Buildcon Limited (DBL) has just announced a significant win, with its joint venture, DBL-RBL JV, being declared the L-1 bidder for the prestigious Gurugram Metro Project. This massive undertaking is valued at a whopping ₹1503.63 Crores, including GST, and promises to reshape urban connectivity in Gurugram. 🏙️

The contract, awarded by the Gurugram Metro Rail Limited (GMRL), involves the construction of a viaduct and 14 elevated stations. This crucial stretch will connect Millennium City Centre to Sector 9, along with a spur to Dwarka Expressway and a ramp to the Depot at Sector 33. In total, the project covers a significant 15.22 Km, featuring 27 stations across the Gurugram Metro Corridor and the Dwarka Expressway spur.

This ambitious project is set to be completed within a 30-month timeframe, highlighting the rapid pace at which India’s urban infrastructure is expanding. It’s a domestic project, reinforcing DBL’s strong presence and capabilities within the country’s burgeoning construction landscape.

For investors keeping an eye on DBL (Scrip Code: 540047), shares were last traded at ₹456.05, reflecting a 5.2% dip. This major contract win could be a key development to watch for the company’s future performance. 📈

This win underscores Dilip Buildcon’s expertise in large-scale infrastructure projects, particularly in the metro segment, which is vital for modern urban development. It’s certainly a development that will keep the company busy and contribute significantly to its order book. Stay tuned for more updates on this exciting project!

source: Corporate Announcement

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