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Dilip Buildcon Ltd (DBL) witnessed a strong surge in its share price on Monday, December 22, climbing over 4% after the company announced a significant win in the renewable energy segment. The rally came after DBL was declared the lowest bidder by Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) for a large-scale solar power project under the PM KUSUM–C (Feeder Solarisation) scheme.
As per the disclosure, the project involves the development of 1,363.55 MW (AC) of grid-connected solar power capacity across the state. The execution will be carried out through multiple special purpose vehicles (SPVs), enabling smoother implementation and project management. This win translates into an engineering, procurement and construction (EPC) opportunity valued at approximately ₹4,900 crore, which the company plans to complete within the next 18 months.
The project falls under the non-DCR (Domestic Content Requirement) category and includes the setting up of solar photovoltaic power plants. The electricity generated from these plants will be sold to Madhya Pradesh Power Management Company Ltd (MPPMCL) under a long-term 25-year power purchase agreement (PPA), ensuring stable revenue visibility for the company over the long run.
Under the scope of work, Dilip Buildcon will be responsible for the entire project lifecycle — from development and detailed engineering to supply, construction, testing, commissioning, and operations and maintenance. All activities will be executed in line with MNRE guidelines, MPERC regulations, and the prescribed model PPA framework.
This project marks another important step in Dilip Buildcon’s growing presence in India’s renewable energy sector. It also aligns with the government’s broader push towards feeder solarisation and clean energy adoption. For investors, the development signals strong order inflows, long-term earnings potential, and DBL’s ability to diversify beyond conventional infrastructure into sustainable energy solutions.
