+
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

Mumbai Central Emerges as a New Luxury Residential Corridor

Mumbai Central is emerging as a growing premium residential micro-market in South Mumbai, supported by improved connectivity, new redevelopment projects and proximity to major business districts.Residential capital values in the area are currently estimated at around ₹50,000-₹85,000 per sq ft, compared with ₹85,000 to more than ₹1.5 lakh per sq ft in parts of Worli, according to market estimates cited by industry players. The area has also recorded annual appreciation of around 14-18 per cent, although transaction activity and pricing vary across projects and locations.The area's chang..

Next Story
Technology

Bridgestone India Opens New Select Store in Pune

Bridgestone India has opened a new Bridgestone Select Store at Hinjewadi Phata in Pune, strengthening its retail presence in the city and Maharashtra.The new outlet, Deepraj Tyres, is located at Hinjewadi Phata/Wakad Bridge. Designed as a one-stop destination for passenger vehicle owners, the store offers tyres, expert guidance and wheel care services supported by modern equipment.“Pune is an important market for Bridgestone. The opening of this Select Store in the city reflects our commitment to offering customers easy access to premium products and trusted services. Our focus is on buildin..

Next Story
Infrastructure Transport

VECV, Rosmerta Partner for Authorised Vehicle Scrapping in NCR

VE Commercial Vehicles (VECV) and Rosmerta Auto Recycling Pvt Ltd (RARPL) have entered into a strategic partnership to facilitate the authorised scrapping and recycling of end-of-life (ELV) commercial vehicles across the National Capital Region (NCR).The collaboration will provide Eicher Trucks and Buses dealers and customers with access to a structured, transparent and compliant vehicle scrapping process. It aims to help commercial vehicle owners retire ageing trucks and buses through authorised channels while supporting fleet renewal and responsible resource recovery.The partnership comes as..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code