Dilip Buildcon Selected as L-1 Bidder for ₹1,151 Crore Transmission Project
Dilip Buildcon Limited has been selected as the L-1 bidder for a transmission project in Yavatmal, Maharashtra. The project involves developing and operating a 400 KV AIS transmission system for 35 years. The EPC value, excluding GST, is ₹1,151.47 crore. Construction and commissioning are to be completed within 24 months.
The project is substantial in value (₹1,151.47 crore) and involves a long-term operational commitment (35 years), which is expected to have a significant impact on the company's revenue and business.
The company has been declared a successful bidder for a significant project, indicating business growth and positive future prospects.
Dilip Buildcon Limited (DBL) has been declared the L-1 bidder by REC Power Development and Consultancy Limited (RECPDCL) for the development and operation of an Intra-State Transmission System in Yavatmal, Maharashtra. The project, which involves establishing a 400 KV AIS Yavatmal (Babhulgaon), will be executed on a Build, Own, Operate, and Transfer (BOOT) basis under the Tariff Based Competitive Bidding (TBCB) route.
DBL will act as the Transmission Service Provider (TSP) for this project, which includes development, financing, design, engineering, procurement, construction, testing, commissioning, operation, and maintenance of the transmission assets. The construction and commissioning are expected to be completed within 24 months from the Effective Date. The project will be operated for a period of 35 years from the Commercial Operation Date (COD).
The EPC (excluding GST) for this awarded project is valued at ₹1,151.47 crore. This contract was awarded by a domestic entity, RECPDCL, acting as the Bid Process Coordinator on behalf of the Maharashtra State Transmission Utility. DBL has confirmed that the promoter/promoter group companies do not have any interest in the awarding entity, and the contract does not fall under related party transactions.
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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.