+
Dilip Buildcon To Divest Transmission And Solar Assets
OIL & GAS

Dilip Buildcon To Divest Transmission And Solar Assets

Dilip Buildcon Limited (DBL) has approved the divestment of its stake in two special purpose vehicles to Alpha Alternatives Fund Advisors LLP and its affiliates. The portfolio comprises a 400 kilovolt (kV) transmission project spanning approximately 470 circuit kilometres in Karnataka and a 1,363 megawatt (MW) alternating current project and a 1,977 megawatt peak (MWp) direct current solar portfolio across Madhya Pradesh. The two assets have a combined project cost of about Rs 84 billion (bn).

The consideration will be settled through a phased subscription mechanism and definitive agreements are yet to be signed, with the transaction remaining subject to execution of final agreements and regulatory approvals. The proposed divestment forms part of DBL's asset-light DBL 2.0 strategy, which focuses on recycling capital and deleveraging the balance sheet and aims to strengthen the company’s partnership with Alpha Alternatives. By divesting interests in the transmission and solar assets, DBL intends to recycle capital while pursuing its broader infrastructure portfolio.

In the first quarter ended June 30, 2026 DBL reported consolidated revenue from operations of Rs 23.78 bn, consolidated EBITDA of Rs 4.29 bn with an EBITDA margin of 18.1 per cent and profit after tax of Rs 1.28 bn. On a standalone basis revenue was Rs 19.3 bn, EBITDA was Rs 1.99 bn with a margin of 10.3 per cent and profit after tax was Rs 390 million (mn). The company’s order book stood at Rs 276.91 bn as of June 30 and was diversified across roads and highways, irrigation, mining and other verticals.

The order book figure excludes a new Rs 25.24 bn irrigation project in Chhattisgarh awarded in July. Management said the sequential increase in standalone net debt to Rs 21.06 bn was primarily due to higher trade receivables and equipment mobilisation for new projects. DBL has reaffirmed its target of achieving a net debt free standalone balance sheet by FY28.

Dilip Buildcon Limited (DBL) has approved the divestment of its stake in two special purpose vehicles to Alpha Alternatives Fund Advisors LLP and its affiliates. The portfolio comprises a 400 kilovolt (kV) transmission project spanning approximately 470 circuit kilometres in Karnataka and a 1,363 megawatt (MW) alternating current project and a 1,977 megawatt peak (MWp) direct current solar portfolio across Madhya Pradesh. The two assets have a combined project cost of about Rs 84 billion (bn). The consideration will be settled through a phased subscription mechanism and definitive agreements are yet to be signed, with the transaction remaining subject to execution of final agreements and regulatory approvals. The proposed divestment forms part of DBL's asset-light DBL 2.0 strategy, which focuses on recycling capital and deleveraging the balance sheet and aims to strengthen the company’s partnership with Alpha Alternatives. By divesting interests in the transmission and solar assets, DBL intends to recycle capital while pursuing its broader infrastructure portfolio. In the first quarter ended June 30, 2026 DBL reported consolidated revenue from operations of Rs 23.78 bn, consolidated EBITDA of Rs 4.29 bn with an EBITDA margin of 18.1 per cent and profit after tax of Rs 1.28 bn. On a standalone basis revenue was Rs 19.3 bn, EBITDA was Rs 1.99 bn with a margin of 10.3 per cent and profit after tax was Rs 390 million (mn). The company’s order book stood at Rs 276.91 bn as of June 30 and was diversified across roads and highways, irrigation, mining and other verticals. The order book figure excludes a new Rs 25.24 bn irrigation project in Chhattisgarh awarded in July. Management said the sequential increase in standalone net debt to Rs 21.06 bn was primarily due to higher trade receivables and equipment mobilisation for new projects. DBL has reaffirmed its target of achieving a net debt free standalone balance sheet by FY28.

Related Stories

Gold Stories

Next Story
Real Estate

Elevate Homes to Develop Premium Project in Gurugram

Elevate Homes, the integrated residential development platform established by Hines and Conscient Infrastructure, will develop a premium residential project in Sector 63A, Golf Course Extension Road, Gurugram. Spread across 10.5 acres with around two million sq. ft. of saleable area, the project is planned for launch later in 2026.Designed by global architecture firm Benoy, the development will feature globally inspired architecture, nature-led design and curated wellness-focused spaces. The project will offer more than 600 three- and four-bedroom residences, with a focus on liveability, susta..

Next Story
Real Estate

BPTP Skynest Wins Premium High-Rise Development Award

BPTP Limited has been recognised with the ‘Premium High-Rise Development of the Year’ award for its residential project BPTP Skynest at the Times Realty & Infrastructure Conclave 2026, held at Grand Hyatt, Gurugram.Located in Sector 80, Greater Faridabad, BPTP Skynest is designed as a premium high-rise residential development featuring contemporary architecture, thoughtfully planned homes and lifestyle-oriented amenities. The project comprises 504 residential units and incorporates biophilic design elements through 20 dedicated Sky Nests, landscaped green spaces integrated within the t..

Next Story
Real Estate

Dubai Buyers Seek Independent Property Transfer Services

Dubai’s property market is witnessing growing discussions around the role of independent transfer services, as some leading brokerages require buyers to pay conveyancing or sales-progression fees even when the service is managed within the same business group holding the seller’s mandate.The practice has gained attention as brokerage websites promote such services, while LinkedIn and Instagram profiles highlight dedicated sales-progression teams operating within agencies. Industry observers point out that the concern is not about the capability of in-house conveyancers but whether buyers s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code