Dilip Buildcon shares rise nearly 3% on 100 MW solar PV power project win

Dilip Buildcon

Dilip Buildcon share price added nearly 3 percent in the opening trade on October 7 following the company receives LoA for development of solar PV power project in Madhya Pradesh.

At 09:21am, Dilip Buildcon was quoting at Rs 528.45, up Rs 14.00, or 2.72 percent, on the BSE.

The company 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 will be set up in Ramnagar and Dhanwada villages, Suwasra tehsil, Mandsaur district.

The requisite land of ~ 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 Rs 31.20 crore as equity or similar instrument to 26 percent equity share and ownership in the project company.

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In September DBL-PSP JV received a Letter of Acceptance (LOA) for an industrial corridor project in Kerala worth Rs 1,115.37 Crores. The project is located at Pudussery Central & Kannambra of Palakkad Node.

Also, DBL-RAMKY consortium has received the Letter of Acceptance (LOA) for Rajasthan water grid project in the state of Rajasthan, order worth Rs 2,905 crore.

In the previous trading session, the share closed at Rs 504.45, up Rs 9.80, or 1.98 percent.

The share touched a 52-week high of Rs 587.90 and a 52-week low of Rs 363.45 on 24 September, 2025 and 28 January, 2025, respectively.

Currently, the stock is trading 10.11 percent below its 52-week high and 45.4 percent above its 52-week low.

The market capitalisation of the company stands at Rs 7,726.73 crore.

The share price jumped more than 21 percent in the last 6 months.