Dilip Buildcon Limited has secured a significant transmission infrastructure project in Karnataka, marking another milestone in the company's infrastructure development portfolio. The company announced on December 26, 2025, that it has been selected as the successful bidder by REC Power Development and Consultancy Limited (RECPDCL) for establishing transmission infrastructure in Belagavi District.

Project Overview

The project involves the establishment of a 400/220/33kV AIS sub-station at Mekhali along with associated 400kV and 220kV transmission lines. Dilip Buildcon will execute this project on a Build, Own, Operate and Transfer (BOOT) basis under the Tariff Based Competitive Bidding (TBCB) route.

Scope of Work

The comprehensive project scope encompasses multiple phases of infrastructure development. Dilip Buildcon will be responsible for development, financing, design, engineering, procurement, construction, testing, commissioning, operation and maintenance of the transmission assets. The company will acquire 100% equity of the Project SPV and act as Transmission Service Provider (TSP) for the development, ownership, operation, and maintenance of the Intra-State Transmission System.

Project Structure and Timeline

RECPDCL is acting as the Bid Process Coordinator (BPC) on behalf of the Government of Karnataka for this domestic infrastructure project. The project will be executed under a tariff-based annuity model, providing long-term revenue visibility for the company. Construction and commissioning activities must be completed within the stipulated 24-month timeline from the Effective Date as per the agreement terms.

Technical Specifications

The transmission infrastructure will feature advanced technical capabilities to serve Karnataka's power distribution network:

• 400/220/33kV Air Insulated Switchgear (AIS) sub-station
• Associated 400kV transmission lines
• Associated 220kV transmission lines
• Complete testing and commissioning infrastructure
• Long-term operation and maintenance systems

Regulatory Compliance

Dilip Buildcon has fulfilled all regulatory disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also implemented trading window restrictions for insiders, designated persons, and connected parties for 48 hours from the date of public disclosure, ensuring compliance with insider trading regulations.

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.