National Aluminium Awards Rs.5032 Crore Contract to Dilip Buildcon
Filing Summary
National Aluminium Company Ltd has awarded a contract to M/s. Dilip Buildcon Limited for the development and operation of the Pottangi Bauxite Mines. The contract, valued at Rs.5032 crore, includes the construction of an Overland Conveyor Corridor and allied facilities. The agreement spans 25 years with base mining charges set at Rs.423 per ton. The contract is awarded to a domestic entity, and there is no interest from the promoter group in the awarded entity. This transaction does not constitute a related party transaction.
National Aluminium Company Ltd has finalized a contract with M/s. Dilip Buildcon Limited for the development and operation of the Pottangi Bauxite Mines. This contract includes the construction of an Overland Conveyor Corridor and associated facilities. The total value of the contract is Rs.5032 crore.
The contract is awarded to a domestic entity, M/s. Dilip Buildcon Limited, which was identified as the L-1 bidder. The agreement specifies base mining charges of Rs.423 per ton and covers a period of 25 years.
There are no interests from the promoter or promoter group of National Aluminium Company Ltd in the entity to which the contract is awarded. Additionally, this transaction does not fall under related party transactions.
Dilip Buildcon Limited is a construction company involved in infrastructure projects across India. The company focuses on sectors such as roads, bridges, and mining, leveraging its expertise to secure large-scale contracts.
National Aluminium Company Ltd is a government enterprise engaged in the production and sale of aluminium products. The company prioritizes expanding its mining operations and enhancing its production capabilities to meet growing industry demands.