28 Sep 2026
Dilip Buildcon was declared L-1 bidder for a Rs 688.23 crore NHAI elevated corridor in Solapur and a 400 kV Maharashtra transmission project.
Both are lowest-bidder positions, not awards. The 9.66 km road runs on hybrid annuity over 24 months; the transmission asset is a 35-year BOOT concession.
21 Sep 2026
Dilip Buildcon sold a stake in its 1,363 MW under-construction solar portfolio to Alpha Alternatives at an enterprise value of Rs 6,829 crore.
The ten Madhya Pradesh SPVs run on PM-KUSUM feeder solarisation contracts with commercial operation due September 2027. Alpha funds 49 percent of the Rs 1,253 crore equity.
10 Sep 2026
Dilip Buildcon is selling its 51 percent stake in Mekhali Power Transmission to Alpha Alternatives at an enterprise value of 2,914 crore rupees.
The Karnataka BOOT project costs about 2,171 crore rupees to build, with 429 crore rupees of equity funded 51:49. Alpha buys the stake only after commissioning.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.