Dilip Buildcon will implement 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 addition to the announcement made on October 15, the company executed a contract agreement with the Gujarat Metro Rail Corporation on Friday in accordance with the provisions of the Securities and Exchange Board of India Regulations, 2015.
DIlip Buildcon will build an 8.702 km elevated viaduct and seven stations from Majura Gate to Saroli Dead End as part of the Surat Metro Rail Project Phase 1 corridor-2. The project will cost Rs 702.02 crore.
The company has been given a time frame of 26 months to complete the project.