Dilip Buildcon bags ₹4,900 Cr solar project from MPUVNL
Dilip Buildcon Limited has been selected as the L-1 bidder by MPUVNL for a 1363.55 MW AC solar power project under PM KUSUM-C. The EPC opportunity is valued at ₹4,900 crore (excluding GST) and will be executed over 18 months. Power generated will be sold to MPPMCL for 25 years.
The order value of ₹4,900 crore is substantial and represents a significant new business opportunity for Dilip Buildcon Limited, impacting its future revenue and growth.
The company has secured a significant new order, which is a positive development for its business and revenue prospects.
Dilip Buildcon Limited (DBL) has been declared the L-1 bidder by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for a total capacity of 1363.55 MW AC under the Non-DCR category. This project, part of the PM KUSUM-C (Surya Mitra Krishi Solarization) initiative, involves establishing grid-connected Solar PV-based Power Plants under the Feeder Solarization component.
The power generated will be sold to Madhya Pradesh Power Management Company Limited (MPPMCL) for a duration of 25 years. DBL will implement this project through multiple Special Purpose Vehicles (SPVs), securing an EPC (Engineering, Procurement, and Construction) business opportunity valued at approximately ₹4,900 crore (excluding GST). The execution of this project is expected to take place over the next 18 months.
The order involves the development, design, engineering, supply, construction, testing, commissioning, and operation & maintenance of the grid-connected solar PV power plants. The company also announced that the trading window for dealing in its securities will remain closed until 48 hours after the public dissemination of this information.
What to do with a filing like this
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 high impact, which is the band that most often changes something.
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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.