Order Book of Rs 29,372 Crore: This Infra Company Secures Rs 1,850 Crore LOI from RECPDCL
Join Us
Follow Us
Dilip Buildcon Ltd secures Rs 1,850 crore LOI from REC Power Development for the 400 kV Mekhali Sub-Station project in Karnataka, with the share price rising over 1 per cent following the announcement.
✨ AI Powered Summary
The order was awarded by REC Power Development and Consultancy Limited (RECPDCL), acting as the Bid Process Coordinator (BPC) on behalf of the Government of Karnataka. The EPC value for DBL (without GST) is approximately Rs 1,850 crore.
Under the terms of the LOI, Dilip Buildcon Ltd will acquire 100 per cent equity shares of the Project SPV and act as the Transmission Service Provider (TSP). The Construction and commissioning of the project are scheduled to be completed within 24 months from the Effective Date.
The company will be responsible for the development, ownership, operation, and maintenance of the Intra-State Transmission System on a BOOT (Build-Own-Operate-Transfer) basis. The project is being executed under the Tariff-Based Competitive Bidding (TBCB) route and governed by a Transmission Service Agreement (TSA).
Effect on the Dilip Buildcon Share Price
Following the news on March 11, 2026, at 12:14:24 IST, the share price of Dilip Buildcon Ltd went up by 1.19 per cent, reaching a price of Rs 464.25 on an Intraday basis. The share made an intraday high of Rs 472.40.
The stock opened at Rs 456.50, with an intraday high of Rs 472.40 and a low of Rs 455.70. The previous close was Rs 458.80, and the volume-weighted average price (VWAP) for the session was Rs 464.68.
Over the past week, the company has delivered 9.40 per cent returns, despite the broader market giving negative returns during the same period.
About Dilip Buildcon Ltd
Dilip Buildcon Ltd is one of the most trusted infrastructure companies in India. The company has an expansive portfolio that encompasses roads, highways, bridges, tunnels, irrigation, mining, water supply, metros, airports, and urban infrastructure. As of December 31, 2025, the company's Order Book stood at Rs 29,372 crore, with orders from various business divisions, including roads & highways, metro, irrigation and water supply. Notably, the company has long term order book from its Mining MDOs for the next 25-55 years.
Disclaimer: The article is for informational purposes only and not investment advice.