Dilip Buildcon JV secures 100 MW solar project in Madhya Pradesh

Dilip Buildcon Limited (DBL), through its DBL-APMPL joint venture (74% DBL & 26% APMPL), has received a letter of acceptance for the "Development of a 100 MW Grid-Connected Ground-Mounted Solar PV Power Project under Captive Mode." The project is designed to supply power to Madhya Pradesh Jal Nigam (MPJNM) for 25 years from its commissioning date at a rate of INR 2.09 per unit, utilizing Non DCR Panels.

The project, a domestic entity general contract, will be set up in Ramnagar and Dhanwada villages, Suwasra tehsil, Mandsaur district. MPJNM will provide approximately 315 acres of land and contribute INR 31.20 crore as equity, securing a 26% equity share and ownership in the Project Company.

Construction for this captive mode project is estimated to be 24 months, followed by a 25-year power supply period. This project does not involve any related party transactions.