Dilip Buildcon Secures INR 124 Crore ATF Pipeline Project
Filing Summary
Dilip Buildcon Limited has received a Letter of Award from the Petroleum and Natural Gas Regulatory Board for the authorization to lay, build, operate, or expand an Air Turbine Fuel pipeline from Navgam to Sardar Vallabhbhai Patel International Airport in Gujarat. The project, valued at approximately INR 124 crore, will be executed over 24 months through a Special Purpose Vehicle with 100% equity held by Dilip Buildcon. The company will handle the Engineering, Procurement, and Construction works. The license is granted for a period of 25 years.
Dilip Buildcon Limited has been awarded a project by the Petroleum and Natural Gas Regulatory Board (PNGRB) for the authorization to lay, build, operate, or expand a petroleum product pipeline. The pipeline will transport Air Turbine Fuel (ATF) from Navgam to Sardar Vallabhbhai Patel International Airport in Gujarat. The project was announced on February 13, 2026, and involves a Letter of Award from PNGRB.
The project grants Dilip Buildcon an exclusive license to develop the pipeline infrastructure, including financing, construction, and operation. The company is authorized to levy and collect tariffs for the transportation of ATF up to the designated delivery point. The license is valid for a period of 25 years.
The project will be executed through a Special Purpose Vehicle (SPV), with Dilip Buildcon Limited holding 100% equity. The Engineering, Procurement, and Construction (EPC) works will be undertaken by Dilip Buildcon, representing a business opportunity valued at approximately INR 124 crore, excluding GST. The execution period for the project is set at 24 months.
According to the filing, the project does not involve any related party transactions, and there is no interest from the promoter or promoter group companies in the entity awarding the contract. The trading window for dealing in the securities of Dilip Buildcon will remain closed for insiders and designated persons until 48 hours after the information is made public.
Petroleum and Natural Gas Regulatory Board is responsible for regulating the refining, processing, storage, transportation, distribution, marketing, and sale of petroleum, petroleum products, and natural gas in India. The board aims to ensure the uninterrupted and adequate supply of petroleum products across the country.
Dilip Buildcon Limited is a leading infrastructure development company in India, focusing on the construction of roads, bridges, and other civil engineering projects. The company is committed to expanding its portfolio in the energy sector, leveraging its expertise in infrastructure development to undertake projects of national importance.