Dilip Buildcon Receives ₹1,850 Crore LOI for Karnataka Transmission Project
Dilip Buildcon Limited (DBL) received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited for a ₹1,850 Crore transmission project in Karnataka. The project involves establishing a 400 kV Sub-station and associated transmission lines. Construction is to be completed within 24 months from the Effective Date, with a concession period of 35 years.
The order is for a large project valued at ₹1,850 Crore, which will significantly contribute to the company's revenue and order book, thus having a high impact.
The company has secured a significant new order with a substantial value, which is a positive development for its business.
Dilip Buildcon Limited (DBL) has announced the receipt of a Letter of Intent (LOI) from REC Power Development and Consultancy Limited (RECPDCL) for establishing a 400 kV Sub-station at Mekhali along with associated transmission lines in the Belagavi District of Karnataka.
The project involves the development, financing, design, engineering, procurement, construction, testing, commissioning, operation, and maintenance of transmission assets. DBL will acquire 100% equity shares of the Project SPV and act as a Transmission Service Provider on a BOOT (Build, Own, Operate, Transfer) basis under the Tariff Based Competitive Bidding (TBCB) route.
The concession period for the project is set at 35 years from the Commercial Operation Date (COD). The construction and commissioning are expected to be completed within 24 months from the Effective Date. The estimated value of the EPC contract, excluding GST, is approximately ₹1,850 Crore.
This development is a continuation of a previous announcement made on December 26, 2025. The company has also informed that the trading window for dealing in its securities will remain closed for insiders and designated persons until 48 hours after the information is made generally available to the public.
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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.