Dilip Buildcon Secures L-1 Bid for Pottangi Bauxite Mines Project
Filing Summary
Dilip Buildcon Limited has been declared the L-1 bidder for the MDO contract concerning the development and operation of the Pottangi Bauxite Mines, including the Overland Conveyor Corridor and related facilities. The contract, awarded by the National Aluminium Company Limited (NALCO), spans 25 years with a total project value of INR 5000 Crores, excluding GST. The project involves EPC work for the first three years and mining operations for the remaining 22 years. The trading window for Dilip Buildcon’s securities will remain closed until 48 hours after this information is publicly available.
Dilip Buildcon Limited has emerged as the L-1 bidder for the MDO contract for the development and operation of the Pottangi Bauxite Mines, along with the Overland Conveyor Corridor (OLCC) and allied facilities. This contract was tendered by the National Aluminium Company Limited (NALCO), a Government of India enterprise. The contract is valued at INR 5000 Crores, excluding GST, and spans a period of 25 years.
The project is divided into two phases. The first phase involves Engineering, Procurement, and Construction (EPC) work over three years, which includes the OLCC, road, water intake facility, mining, and transportation. This phase covers a quantity of 7 million tonnes and is valued at INR 1750 Crores. The second phase involves mining operations for the remaining 22 years, covering 77 million tonnes at a current mining charge of INR 423 per ton, amounting to INR 3250 Crores.
As per the company’s code of conduct and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, the trading window for dealing in Dilip Buildcon’s securities will remain closed for all insiders and designated persons until 48 hours after this information is made publicly available.
National Aluminium Company Limited (NALCO) is a public sector enterprise under the Government of India, primarily engaged in the mining, production, and export of alumina and aluminum. NALCO is a significant player in the aluminum industry, focusing on sustainable development and operational efficiency.
Dilip Buildcon Limited is a leading infrastructure development company in India, specializing in the construction of roads, bridges, and mining projects. The company focuses on timely project execution and operational excellence, aiming to expand its footprint in the infrastructure sector.