Dilip Buildcon wins Rs 4,900 crore solar EPC order from MPUVNL
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Dilip Buildcon has received a Letter of Award from Madhya Pradesh Urja Vikas Nigam Limited for 1,363.55 MW AC grid-connected solar power plants under the PM KUSUM-C Feeder Solarization scheme. The company will execute EPC work worth about Rs 4,900 crore excluding GST over 18 months through multiple SPVs. Power will be sold to MPPMCL for 25 years under a competitive tariff PPA. The order is domestic and from a state government entity.
Large order win worth about Rs 4,900 crore strengthens order book and marks expansion into solar EPC. Positive for revenue visibility over 18 months.