New Launch11 Mar 2026, 11:48 am
Dilip Buildcon Ltd Receives LOI for 400 kV Sub-station Project from RECPDCL
AI Summary
Dilip Buildcon Ltd has received a Letter of Intent (LOI) from RECPDCL for establishing a 400 kV Sub-station at Mekhali along with associated transmission lines in Belagavi District, Karnataka. The project's concession period is 35 years from the Commercial Operation Date (COD). The trading window for dealing in the securities of the Company for all insiders, designated persons, and their immediate relatives, connected persons, fiduciaries, and intermediaries is closed till 48 hours from the date the information is made available to the public.
Key Highlights
- Dilip Buildcon Ltd has received an LOI from RECPDCL for a 400 kV Sub-station project in Karnataka.
- The project's concession period is 35 years from the Commercial Operation Date (COD).
- The project involves the development, ownership, operation, and maintenance of the Intra-State Transmission System on a BOOT basis under the Tariff Based Competitive Bidding (TBCB) route.
- The trading window for dealing in the securities of the Company for all insiders, designated persons, and their immediate relatives, connected persons, fiduciaries, and intermediaries is closed till 48 hours from the date the information is made available to the public.
- The project is to be executed under the tariff-based annuity model.