Dilip Buildcon Secures LPG Pipeline Project Worth ₹1800 Crore from PNGRB
Dilip Buildcon Limited (DBL) received authorization from PNGRB for an LPG pipeline project from Paradip to Raipur. The project, valued at ₹1800 crore (excluding GST), involves construction and operation over 3 years, with a 25-year operational period. DBL will hold 100% equity in the SPV and execute EPC works.
The project is substantial in value (₹1800 crore) and has a long operational period (25 years), indicating a significant positive impact on the company's future revenue and market position.
The company has received a significant authorization for a new project, which is expected to generate substantial revenue and enhance its business operations.
Dilip Buildcon Limited (DBL) has received a Grant of Authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB) for laying, building, operating, and expanding an LPG pipeline from Paradip, Odisha to Raipur, Chattisgarh. This authorisation grants DBL an exclusive license to develop the pipeline infrastructure, including financing, construction, and operation, for a period of 25 years post a 3-year construction phase.
The project involves DBL undertaking the design, finance, development, construction, operation, and maintenance of the LPG pipeline infrastructure. The pipeline will facilitate the transportation of LPG to various Oil Marketing Companies' (OMCs) bottling plants, aiming to replace road-based transportation and enhance road safety. It will also operate as a Common Carrier, allowing eligible OMCs and users to access its capacity. DBL will generate revenue through applicable tariffs for LPG transportation.
The project will be implemented through a wholly-owned Special Purpose Vehicle (SPV) where DBL will hold 100% equity. The Engineering, Procurement, and Construction (EPC) works are expected to be awarded to DBL, representing a business opportunity valued at approximately ₹1800 crore (excluding GST), to be executed over 36 months. DBL clarifies that it will not be involved in the procurement, trading, distribution, or sale of LPG, nor will it bear associated commercial risks.
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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.