Dilip Buildcon Ltd JV receies LOA for Solar PV Power Project

Dilip Buildcon Limited through DBL-APMPL (JV) (DBL -74% & APMPL 26%) has received the letter of acceptance (LOA) for "Development of a 100 MW Grid-Connected Ground-Mounted Solar PV Power Project under Captive Mode to supply power to Madhya Pradesh Jal Nigam for 25 years from the date of commissioning (the Project).

The Project will be set up in Ramnagar and Dhanwada villages, Suwasra tehsil, Mandsaur district. The Requisite land ~ 315 acres shall be provided by the MPJNM.

As the project to be developed under the captive mode as per applicable rules, the Power Off-taker to infuse ₹31.20 crore as equity or similar instrument to 26% equity share and ownership in the Project Company.

Shares of Dilip Buildcon Limited was last trading in BSE at Rs. 514.45 as compared to the previous close of Rs. 504.45. The total number of shares traded during the day was 21632 in over 1083 trades.

The stock hit an intraday high of Rs. 517.15 and intraday low of 495.90. The net turnover during the day was Rs. 10964737.00.

Source : Equity Bulls

Keywords

DilipBuildcon INE917M01012 DBL APMPL JV LOA SolarPVPowerProject