Dilip Buildcon said it has emerged as the favored bidder to build a 5.3 km stretch of the upcoming metro rail system in Indore, Madhya Pradesh.
The development comes barely a month after DBL was declared the lowest bidder for the Bhopal Metro project in the state.
The current bid is to build an elevated viaduct between the ISBT flyover and Mumtaj Bag Colony, excluding the stations.
Dilip Buildcon offered to build the track for Rs 229 cr.
The construction of the elevated track has to be completed in 27 months.
It is not clear whether bids for contract for the construction of the metro stations have been handed out or not.
Typically, government contracts are awarded to the L1 or level 1 bidder, unless some major discrepancy is found in the bid submitted by the participant.
L1 bidders are usually those who bid the lowest amount in the tender process.
Dilip Buildcon, founded in 1988, is headquartered in Bhopal and projects itself as ‘India’s fastest growing road development company’.
It works via two models — EPC Projects and Toll Operations, and develops highways, city roads, culverts, bridges, irrigation facilities, water supply, coal mining, water sanitation and sewage.