Dilip Buildcon Ltd

Dilip Buildcon Sells Major SPV Stakes to Alpha Alternatives 🔄

- Divesting stake in two SPVs: Mekhali Power Transmission Ltd & DBL Renewable Pvt Ltd.

- Combined total project cost of the two SPVs is approximately ₹8,400 Cr.

- Portfolio includes a 400 kV, ~470 ckm transmission project in Karnataka.

- Portfolio also includes a 1,363 MW (AC) / 1,977 MWp (DC) solar portfolio across Madhya Pradesh.

- Transaction aligns with the company's 'DBL 2.0' asset-light strategy.

- Strategy is aimed at capital recycling and balance sheet deleveraging.