Dilip Buildcon Ltd Declared L-1 Bidder for 400 kV Karnataka T͏ransmission ͏Project

Mumbai, ͏26͏ Decemb͏er 2025: Dilip Buildcon Limited informed the stock exchanges on Friday that has been selected as the successful bidder by REC Power Development and Consultancy Limited (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. 

Dilip Buildcon Limited, an India based infrastructure company, is engaged in roads, highways, bridges, railways, tunnels, urban infrastructure and power transmission projects in engineering and construction. The com͏pany executes contracts and projects in many states under the EPC, BOOT and HAM (Hybrid Annuity Model) across public s͏ector and related government agencies. 

400/220/33 kV Sub-Station and Transmission Lines Over 35 Years 

The contract includes design, engineering, manufacturing, supply, testing, commissioning and completion of 400/220 kV AIS (Air Insulated Substation) along with associated 400 kV and 220 kV power lines at Mekhali in Belagavi district, Karnataka. 

Dilip Buildcon Limited has been selected Successful Bidder to acquire 100% equity of the Project SPV and act as Transmission Service Provider (TSP) for development, ownership, operation, and maintenance of the Intra-State Transmission System on Build, Own, Operate and Transfer (BOOT) basis under Tariff Based Competitive Bidding (TBCB) route and Transmission Service Agreement (TSA) 

The construction and commissioning is to be completed within 24 months from the Effective Date, as per RFP. Also, the company clarified that the transaction does not fall under related party transactions. 

₹1,850 ͏Crore E͏PC Scop͏e Confirmed Under Tariff-Based Annuity Model 

The EPC value of the order, excluding Goods and Services Tax (GST), is ₹1,850 cr. The ͏project will be executed under a tar͏iff-based annuity model, with the TSA establishing the long-term operational and revenue framew͏ork for the 35-y͏ear concession period.  

The order has been placed by a domestic company, on behalf of the Government of Karnataka, as the Bid Process Coordinator and does not include any interest of the promoters or the promoter-group.  

Dilip Buildcon Shares Rise 1.07% After L-1 Bidder Disclosure 

At 10:47 am IST on 26 December 2025, Dilip Buildcon share price was trading at ₹470.70 on the National Stock Exchange reflecting a gain of ₹5.00 or 1.07% for the day. The stock opened at ₹469.90, moved to a day’s high of ₹478.55, and touched a low of ₹462.40 during the session. The company’s market capitalisation stood at ₹7.64K crore, with a price-to-earnings ratio of 9.06. The stock’s 52-week high was ₹585.00, and its 52-week low was ₹363.15. The company reported a dividend yield of 0.21% and a quarterly dividend amount of ₹0.25.  

References 

• https://www.bseindia.com/stock-share-price/dilip-buildcon-ltd/dbl/540047/corp-announcements/ 
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/71370854-bfcf-4591-9180-0a42ab8da68b.pdf 
• https://www.nseindia.com/get-quote/equity/DBL/Dilip-Buildcon-Limited\ 

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