DBL Receives LOA for 100 MW Solar PV Project for MP Jal Nigam
Dilip Buildcon JV secures LOA from MP Jal Nigam for a 100 MW solar PV project to supply power for 25 years at ₹2.09 per unit. MPJNM to invest ₹31.20 crore for 26% equity.
The project is significant in size (100 MW) and has a long-term supply agreement (25 years), suggesting a moderate positive impact on the company's revenue and growth.
The announcement indicates a new project win for the company, which is generally perceived positively.
* Dilip Buildcon Limited (DBL) through DBL-APMPL (JV) has received a letter of acceptance (LOA) from Madhya Pradesh Jal Nigam for a solar power project. * The project involves the development of a 100 MW Grid-Connected Ground-Mounted Solar PV Power Project under Captive Mode. * The project will supply power to Madhya Pradesh Jal Nigam for 25 years from the date of commissioning. * The power supply rate is ₹2.09 per unit with Non-DCR Panels. * The project will be set up in Ramnagar and Dhanwada villages, Mandsaur district, with approximately 315 acres of land provided by MPJNM. * MPJNM will infuse ₹31.20 crore as equity for 26% ownership in the project company. * The construction period is 24 months, and the power supply period is 25 years.
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Dilip Buildcon Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Dilip Buildcon Limited. Read the original for the full detail.