Dilip Buildcon JV Wins 100 MW Solar Project in Madhya Pradesh; Share Price Surges

Infrastructure major Dilip Buildcon Limited (DBL) announced that it has secured a Letter of Acceptance (LoA) from the Madhya Pradesh Jal Nigam (MPJNM) for developing a 100 MW grid-connected ground-mounted solar photovoltaic (PV) project. 

The solar power will be supplied to MPJNM under a 25-year captive power agreement, marking another milestone in DBL’s expansion into renewable energy. The project will be executed through a joint venture, DBL-APMPL (JV), with DBL holding a 74% stake and APM Power Limited owning 26%.

Project Details and Terms

The solar facility will be established in Ramnagar and Dhanwada villages, located in the Suwasra tehsil of Mandsaur district, Madhya Pradesh. MPJNM will provide approximately 315 acres of land for the project. The total power supply will be generated at a tariff rate of ₹2.09 per unit using non-DCR panels. 

The construction period is expected to be 24 months, after which the plant will operate for 25 years, supplying power directly to MPJNM under captive mode. As per the captive model regulations, MPJNM will also invest ₹31.20 crore as equity, accounting for a 26% ownership stake in the project company.

Environmental and Regulatory Compliance

Dilip Buildcon confirmed that the order has been awarded by a domestic entity and does not involve any related-party transactions. The company has already closed its trading window for insiders and designated persons under SEBI’s Prohibition of Insider Trading Regulations, in view of the upcoming financial results for the quarter ending September 30, 2025. 

The company stated that the project will be executed in accordance with environmental and regulatory norms, with necessary approvals secured from state authorities before commencement of construction.

Read More: Dilip Buildcon Secures Orders Worth ₹4,020 Crore in Rajasthan and Kerala!

Dilip Buildcon Share Price Performance 

As of October 07, 2025, at 10:50 AM Dilip Buildcon share price is trading at ₹519.60 per share, reflecting a surge of 0.91% from the previous closing price. 

Conclusion

By securing this 100 MW solar power project, Dilip Buildcon continues to strengthen its footprint in India’s renewable energy landscape. The project not only supports Madhya Pradesh’s green energy goals but also demonstrates DBL’s commitment to expanding beyond traditional infrastructure into long-term sustainable energy generation.

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