Dilip Buildcon has claimed that its bid to build a 5.3 km stretch of upcoming metro rail system in Indore has emerged as the lowest and most favoured, reported Metro Rail News.
Last month the company was declared as the lowest bidder for the Bhopal Metro project, another Metro project going on in Madhya Pradesh.
The current bid was in response to a tender floated by the Metro Rail Authority to construct an elevated viaduct between the ISBT flyover and Mumtaj Bag colony, excluding the stations.
The amount offered by the company for the bid of the track was Rs 229 crore.
Despite Dilip Buildcon being the lowest bidder it cannot be ascertained whether the contract for the construction of the metro station has been handed out or not. The estimated time in which the elevated track will be constructed is 27 months.
As per laid out rule of the bidding process government contract are awarded to the bidder with the lowest bid which are known as L1 bidders. Only exception being when some major discrepancies are found in the bid submitted by the participant.
Dilip Buildcon was founded in 1998 and has its headquarter in Bhopal. The company claims to be India’s fastest growing road development company. It works via Toll operation, engineering procurement and construction (EPC) projects.
The company is involved in development of highways, city roads, culvert, bridges, irrigation facilities, water supply, coal mining, water sanitation and sewage.