Rs 13,695 crore order book: Solar infrastructure company bags order from Madhya Pradesh Jal Nigam (MPJNM)

DSIJ Intelligence-1 / 07 Oct 2025/ Categories: Mindshare, Trending

The stock is up by 46 per cent from its 52-week low of Rs 363.45 per share.

Dilip Buildcon Ltd (DBL), through its Joint Venture DBL-APMPL (DBL-74 per cent & APMPL 26 per cent), has received a Letter of Acceptance (LOA) from the Madhya Pradesh Jal Nigam (MPJNM) for a domestic contract to develop a 100 MW Grid-Connected Ground-Mounted Solar PV Power Project under captive mode. The project, located in the Mandsaur district, involves setting up the solar farm on approximately 315 acres of land provided by MPJNM and has a Construction period of 24 months. DBL will supply power to MPJNM for a period of 25 years at a rate of Rs 2.09 per unit. As part of the captive arrangement, MPJNM will infuse Rs 31.20 crore to hold a 26 per cent equity share and ownership in the Project Company.

Earlier, the company secured two major domestic infrastructure contracts totaling Rs 4,020.37 crore through consortiums: a Rs 2,905 crore Hybrid Annuity Model (HAM) contract from the Rajasthan Water Grid Corporation Limited for the construction and 20-year operation & maintenance (O&M) of a crucial water feeder line (ERCP-09-TF-8), and a Rs 1,115.37 crore Engineering, Procurement, and Construction (EPC) contract from The Kerala Industrial Corridor Development Corporation Limited for infrastructure works at the Palakkad Node under the extension of the Chennai Bengaluru Industrial Corridor (CBIC) to Kochi.

Invest early in India’s Small-Cap opportunities. DSIJ’s Tiny Treasure reveals companies ready to scale into tomorrow’s market leaders. Access Service Brochure

About the Company

Dilip Buildcon Limited is presently in the business of development of infrastructure facilities on an EPC basis and undertakes contracts from various Governments and other parties and special purpose vehicles promoted by the Company. The company has a market cap of over Rs 8,000 crore.

As of June 30, 2025, the company's Order Book stood at Rs 13,695 crore, with orders from various business divisions, including roads & highways, metro, irrigation and water supply. The stock is up by 46 per cent from its 52-week low of Rs 363.45 per share.

Disclaimer: The article is for informational purposes only and not investment advice.