Dilip Buildcon Limited has successfully secured a major infrastructure project worth ₹1,850.00 crores, marking a significant milestone for the infrastructure developer and operator. This substantial contract win represents a notable addition to the company's project portfolio and underscores its competitive positioning in the infrastructure sector.

Project Details

The newly awarded project carries a total value of ₹1,850.00 crores, representing a substantial business opportunity for Dilip Buildcon. This contract award demonstrates the company's continued ability to compete effectively for large-scale infrastructure projects and secure meaningful business wins in a competitive market environment.

Strategic Significance

This project acquisition reinforces Dilip Buildcon's position as a key player in the infrastructure development sector. The substantial contract value highlights the company's capability to handle large-scale infrastructure projects and its established reputation in the industry. Such significant project wins are crucial for infrastructure companies as they provide revenue visibility and contribute to long-term business growth.

Company Profile

Dilip Buildcon operates as an infrastructure developer and operator, focusing on various infrastructure development projects. The company is classified as a mid-cap entity in the infrastructure developers and operators sector, positioning it among established players in India's infrastructure development landscape.

The successful acquisition of this ₹1,850.00 crore project represents a positive development for Dilip Buildcon, potentially contributing to its revenue pipeline and reinforcing its market position in the infrastructure sector.

Dilip Buildcon Limited has officially received the Letter of Award (LOA) from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for its major solar power project contract, confirming its position as the successful bidder for the 1,363.55 MW solar power project under the PM-KUSUM-C (Surya Mitra Krishi Solarization) scheme. The company announced this development through a regulatory filing under SEBI Listing Regulations.

Official Contract Confirmation

The infrastructure developer has now formally secured the Engineering, Procurement and Construction (EPC) contract valued at approximately ₹4,900.00 crores (excluding GST). The project involves establishment of grid-connected Solar PV-based power plants under the Feeder Solarization component, representing one of the largest renewable energy contracts in Madhya Pradesh.

Contract Structure and Implementation

The comprehensive EPC contract will be executed through multiple Special Purpose Vehicles (SPVs). Dilip Buildcon will handle the complete project lifecycle including development, design, engineering, supply, construction, testing, commissioning, operation and maintenance of the grid-connected solar PV power plants.

The project operates under a competitive tariff-based Power Purchase Agreement (PPA) governed by MNRE guidelines, MPERC regulations, and Model PPA framework. The power generated will be sold to Madhya Pradesh Power Management Company Limited (MPPMCL) for 25 years from the Scheduled Commercial Operation Date (SCOD).

Regulatory Compliance and Trading Window

As per the company's regulatory filing, the detailed disclosure has been made pursuant to Regulation 30 of SEBI Listing Regulations. The company has also announced closure of the trading window for all insiders, designated persons and their immediate relatives, connected persons, fiduciaries and intermediaries till 48 hours from the date this information is made publicly available.

Strategic Significance

This LOA confirmation establishes Dilip Buildcon as a key player in India's renewable energy infrastructure development. The 25-year power sale agreement provides long-term revenue visibility and operational stability. The project falls under the PM-KUSUM-C scheme's Feeder Solarization component, contributing to India's agricultural sector solarization initiatives and significantly enhancing Madhya Pradesh's renewable energy capacity.