Gurugram, Nov. 14 -- Dilip Buildcon Ltd, the contractor executing Phase 1 of the Gurugram metro project, has emerged as the lowest bidder for the construction of the proposed metro depot in Sector 33, Gurugram Metro Rail Limited (GMRL) officials said on Friday. The company has quoted Rs.419.47 crore against the tender estimate of Rs.409 crore.

The depot will be constructed on approximately 50 acres of land to be leased by the Haryana Shahari Vikas Pradhikaran (HSVP). According to GMRL officials, six companies submitted bids for the project, but only two qualified for the financial bidding stage.

"Dilip Buildcon has quoted Rs.419.47 crore for the project and as such has emerged as the lowest bidder for the construction of the metro depot...