Dilip Buildcon Secures L-1 Bid for Karnataka Sub-station Project
Filing Summary
Dilip Buildcon Limited has been declared the L-1 bidder by REC Power Development and Consultancy Limited for establishing a 400 kV sub-station at Mekhali, Karnataka. The project, awarded under the Tariff Based Competitive Bidding route, involves the development, ownership, operation, and maintenance of the sub-station and associated transmission lines on a Build, Own, Operate and Transfer basis. The construction and commissioning are scheduled to be completed within 24 months. The project will be executed under a tariff-based annuity model with an EPC value of INR 1850 Cr.
Dilip Buildcon Limited has been selected as the L-1 bidder by REC Power Development and Consultancy Limited for the establishment of a 400 kV sub-station at Mekhali, Karnataka. This project includes the development of associated transmission lines in the Belagavi District. The project is set to be executed on a Build, Own, Operate and Transfer (BOOT) basis under the Tariff Based Competitive Bidding (TBCB) route.
The project involves the establishment of a 400/220/33 kV AIS sub-station along with 400 kV and 220 kV transmission lines. The construction and commissioning are expected to be completed within 24 months from the effective date as per the Request for Proposal (RFP). The project will be executed under a tariff-based annuity model, with an Engineering, Procurement, and Construction (EPC) value of INR 1850 Cr.
According to the filing, Dilip Buildcon Limited will acquire 100% equity of the Project Special Purpose Vehicle (SPV) and act as the Transmission Service Provider (TSP) for the development, ownership, operation, and maintenance of the Intra-State Transmission System. The project does not involve any related party transactions, and the promoter group companies have no interest in the entity that awarded the contract.
The trading window for dealing in the securities of Dilip Buildcon Limited will remain closed for all insiders, designated persons, and their immediate relatives until 48 hours after the information is made public, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.
REC Power Development and Consultancy Limited acts as the Bid Process Coordinator on behalf of the Government of Karnataka. The company focuses on providing consultancy services for power development projects, including transmission and distribution systems.
Dilip Buildcon Limited is engaged in the infrastructure sector, focusing on the development of roads, bridges, and other civil construction projects. The company prioritizes expanding its portfolio in the power transmission sector through strategic project acquisitions and execution.