Dilip Buildcon Gets LPG Pipeline Authorization
Dilip Buildcon Limited (DBL) has received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) to lay, build, operate, and expand an LPG pipeline from Paradip, Odisha to Raipur, Chhattisgarh. This project, to be implemented through a wholly-owned Special Purpose Vehicle (SPV), involves an exclusive license for 25 years of operation post a 3-year construction period. DBL will undertake the design, finance, development, construction, operation, and maintenance. The Engineering, Procurement, and Construction (EPC) works are valued at approximately INR 1800.00 crore (excluding GST) and will be executed over 36 months. This initiative aims to replace road-based LPG transportation, enhancing road safety and operating as a common carrier for eligible OMCs/users, generating revenue through transportation tariffs.
Key Highlights
- PNGRB grants authorization for LPG pipeline project from Paradip to Raipur.
- Project involves 3 years construction and 25 years of operation.
- EPC works valued at INR 1800 crore to be executed by DBL.
- Pipeline to replace road transport, enhancing safety and efficiency.
- DBL to hold 100% equity in the SPV for project implementation.
Price Impact
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