Dilip Buildcon Limited Declared L-1 Bidder for ₹2,524.32 Crore Canal Project in Chhattisgarh
Dilip Buildcon Limited has been awarded the bid to construct a major canal project under the Pairy Project Scheme in Chhattisgarh. The company was declared the L-1 bidder for the construction of the Sikasar to Kodar Reservoir Link Canal (Pipeline) by the Water Resources Department of the Government of Chhattisgarh.The contract, which is described as a General Contract (L1), involves the Construction of Sikasar to Kodar Reservoir Link Canal (Pipeline). This includes testing, trials and run, commissioning, and operation and Maintenance of the complete system for five years following the completion of the construction work.
The total project cost for this infrastructure undertaking stands at INR 2,524.32 Crores, excluding GST. The project is designated as a Lump-sum order and is scheduled for completion within a period of 30 months.
The contract was awarded by the Water Resources Department (WRD) of the Government of Chhattisgarh, making it a domestic entity award. There are no reported interests of the promoter or promoter group companies in the awarding entity, nor would the project fall under related party transactions.
Key details regarding the secured order include:
| Particular | Detail |
|---|---|
| Entity Awarding Order | Water Resources Department (WRD), Government of Chhattisgarh |
| Nature of Work | Construction of Sikasar to Kodar Reservoir Link Canal (Pipeline) under Pairy Project Scheme |
| Contract Value (Excluding GST) | INR 2,524.32 Cr |
| Mode of Transaction | Lump-sum |
| Completion Period | 30 Months |
DBL Stock Price Movement
As of 1:20 PM, shares of Dilip Buildcon Limited are slipping by 2.01% in live trading, currently finding a trading level at ₹434.75. The stock saw significant movement during the session amid a volume of 764,205 shares, remaining above its intraday low of ₹428.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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