GMR Infrastructure (GIL) led consortium has emerged as lowest bidder in international competitive bidding for two packages of Eastern Dedicated Freight Corridor project involving construction of 417 km long double track railway line from Mughalsarai to new Bhaupur on EPC basis.

The Eastern Dedicated Freight Corridor extends from Ludhiana to Dankuni near Kolkata. Dedicated Freight Corridor Corporation of India (DFCCIL) received five bids for the project wherein the GIL led consortium has quoted a price of Rs 50.80 billion.

GMR Infrastructure is implementing 2 railway projects for Rail Vikas Nigam (RVNL) at present and has requisite experience to implement the project.

Shares of the company gained Rs 0.1, or 0.5%, to settle at Rs 20.15. The total volume of shares traded was 1,610,239 at the BSE (Tuesday).