Bhopal: On Tuesday Highway developer Dilip Building (DBL) pushed ahead that DBL has been selected as the lowest bidder for phase-I of Bhopal Metro rail project, it has bagged a Metro rail project with project cost Rs 247.06 crore in Madhya Pradesh.
Dilip Buildcon said that the company has been declared L-1 bidder for Bhopal Metro rail project, Phase -I, valued at Rs 247.06 crore by the Urban Administration and Development Department Madhya Pradesh Metro Rail Co Ltd (MPRCL), Bhopal, in a BSE filing.
The project which includes construction of design and construction of elevated viaduct between AIIMS and Subhash Nagar (excluding stations) which includes entry and exit to the depot for Bhopal Metro Rail project, phase-l.
The project also consists design and construction of elevated viaduct whose length is of 6.2 km between AIIMS and Subhash Nagar, which does not exclude stations, entry, and exit. The completion period for the project is 27 months.
The brokerage house said that with noise around DBL’s auditors fading out, DBL admits that its core competency lies in EPC and it will continue to focus on getting out of HAM (hybrid annuity model) projects once executed. NWC (net working capital) days have improved to 85 versus 89 days. We maintain ‘Buy’ on Dilip Buildcon.