Dilip Buildcon declared L-1 bidder for ₹1850 Cr project by RECPDCL
Dilip Buildcon Limited (DBL) has been selected as the L-1 bidder by RECPDCL for a ₹1850 crore project to establish a 400 kV sub-station and transmission lines in Karnataka. The project will be executed on a Build, Own, Operate and Transfer (BOOT) basis for 35 years. Construction is expected within 24 months.
The award of a new order of ₹1850 crore, involving long-term operation and maintenance, is material and will significantly impact the company's order book and future earnings.
The company has been declared as the L-1 bidder for a significant project, indicating a positive business development and potential for future revenue.
Dilip Buildcon Limited (DBL) has been declared as the L-1 bidder by REC Power Development and Consultancy Limited (RECPDCL) for the project titled “Establishing 400 kV Sub-station at Mekhali along with associated transmission lines (Belagavi District), Karnataka”.
This project involves the establishment of a 400/220/33 kV AIS sub-station at Mekhali, along with associated 400 kV and 220 kV transmission lines. DBL will execute this on a Build, Own, Operate and Transfer (BOOT) basis for a period of 35 years from the Commercial Operation Date (COD), under the Tariff Based Competitive Bidding (TBCB) route.
The estimated value for the EPC (Engineering, Procurement, and Construction) component, excluding GST, is ₹1850 crore. The project is to be executed under a tariff-based annuity model. Construction and commissioning are to be completed within 24 months from the Effective Date, as per the Request for Proposal (RFP).
Dilip Buildcon Limited will acquire 100% equity of the Project Special Purpose Vehicle (SPV) and act as the Transmission Service Provider (TSP). This contract is awarded by a domestic entity, RECPDCL, acting as the Bid Process Coordinator (BPC) on behalf of the Government of Karnataka. The company has also stated that the trading window for dealing in its securities will remain closed until 48 hours after the public availability of this information.
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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 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.