Dilip Buildcon lowest bidder for Mahanadi Coalfields

16 November 2020

Dilip Buildcon said that it has emerged as the lowest bidder for the development of the CIL arm's mining project in Odisha having a contract value of Rs 37,215.54 crore. 

The mineable reserve of the block to be exploited over a contract period of 25 years is 1,091 million metric tonnes at a peak rated capacity of 50 MTPA (million tonne per annum), the company said in a filing to BSE.

"The company has emerged as L-1 (lowest) bidder in the tender floated by MCL (Mahanadi Coalfields Ltd) for development and operation of Siarmal Open Cast Project in Odisha," it said.