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Dilip Buildcon has been selected as the successful bidder by REC Power Development and Consultancy (RECPDCL) for “Establishing 400 kV Sub-station at Mekhali along with associated transmission lines (Belagavi District), Karnataka” for a period of 35 years from Commercial Operation Date (COD).
The project involves establishment of a 400/220/33 kV AIS sub-station at Mekhali along with associated 400 kV and 220 kV transmission lines, to be executed on Build, Own, Operate and Transfer (BOOT) basis under Tariff Based Competitive Bidding (TBCB) route.
Valued at Rs 3,400 crore, the contract was awarded by Adani Road Transport (ARTL). The employer of the project is Bihar State Road Development Corporation.
The project involves the engineering, procurement, and construction (EPC) of the Ganga Path, which will connect the Sultanganj-Bhagalpur-Sabour Road. Executed on a back-to-back basis, the scope of work covers everything from the initial design and engineering to the final testing and commissioning of the roadway.
The project spans a total construction length of 41.090 kilometers. The project is scheduled for completition within a 42-month timeframe.
In a separate regulatory filing, Dilip Buildcon announced that it has been selected as the successful bidder for a major power transmission project in Karnataka. Valued at Rs 1,850 crore, the contract was awarded by REC Power Development and Consultancy (RECPDCL).
The project involves establishing a 400/220/33 kV sub-station at Mekhali in the Belagavi District, along with the construction of associated 400 kV and 220 kV transmission lines.
Dilip Buildcon will execute this project on a build, own, operate, and transfer (BOOT) basis.
Under the terms of the agreement, the company will acquire 100% equity in a special purpose vehicle (SPV) to serve as the transmission service provider for a period of 35 years following the commercial operation date.
The project was secured through a tariff-based competitive bidding (TBCB) process and will operate under a transmission service agreement (TSA). The construction and commissioning are expected to be completed within 24 months.
Dilip Buildcon is presently in the business of development of infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company.
The company’s consolidated net profit declined 22.8% to Rs 181.49 crore in Q2 FY26, compared with Rs 235.24 crore in Q2 FY25. However, revenue from operations fell 22.9% year on year (YoY) to Rs 1925.89 crore in Q2 FY26.
The company stated that it has been selected as the successful bidder by Madhya Pradesh Urja Vikas Nigam (MPUVNL) for a total capacity of 1363.55 MW AC under the non-DCR category.
This project involves the establishment of grid-connected solar PV-based power plants under the Feeder Solarization component of the PM KUSUM - C (Surya Mitra Krishi Solarization).
The power generated will be sold to Madhya Pradesh Power Management Company (MPPMCL) for 25 years.
The project will be implemented through multiple special purpose vehicles (SPVs), and Dilip Buildcon Limited shall secure an EPC business opportunity valued at approximately Rs 4,900 crore that would be executed over the next 18 months.
Dilip Buildcon has been selected as the successful bidder by Madhya Pradesh Urja Vikas Nigam (MPUVNL) for a total capacity of 1363.55 MW AC under the Non-DCR category.
This project involves the establishment of grid-connected Solar PV-based Power Plants under the Feeder Solarization component of the PM KUSUM - C (Surya Mitra Krishi Solarization). The power generated will be sold to Madhya Pradesh Power Management Company (MPPMCL) for 25 years.
The project will be implemented through multiple Special Purpose Vehicles (SPVs), and Dilip Buildcon shall secure an EPC business opportunity valued at approximately Rs. 4900 crore (excluding GST) to be executed over the next 18 months.
The order will be executed over 25 years. The company also clarified that neither its promoters nor the promoter group has any interest in the awarding authority, confirming that the transaction does not qualify as a related-party transaction under regulatory norms.
National Aluminium Company (NALCO) manufactures and sells Alumina and Aluminium. On a standalone basis, the company’s net profit surged 34.93% year-on-year to Rs 1,433.17 crore on a 7.27% rise in revenue from operations to Rs 4,292.34 crore in Q2 FY26 over Q2 FY25. The counter shed 0.24% to Rs 249.75 on the BSE.