On February 13, 2026, Dilip Buildcon Limited announced that it has received a Letter of Award for an Air Turbine Fuel (ATF) pipeline project in Gujarat. The authorisation has been granted by the Petroleum and Natural Gas Regulatory Board (PNGRB) under applicable regulations.
Dilip Buildcon Limited has been selected for the “Authorization to Lay, Build, Operate, or Expand Petroleum or Petroleum Product Air Turbine Fuel Pipeline from Navgam, Gujarat to Sardar Vallabhbhai Patel International Airport, Gujarat”. The licence grants exclusive rights to develop pipeline infrastructure for transportation of ATF.
The project includes financing, construction and operation of the pipeline and permits the company to levy and collect tariff for transportation of ATF up to the designated delivery point for a period of 25 years.
The project will be implemented through a Special Purpose Vehicle in which Dilip Buildcon Limited will hold 100% equity. The Engineering, Procurement and Construction works are proposed to be awarded to the company.
The EPC component represents a business opportunity valued at approximately ₹124.00 crore, excluding GST. The execution timeline for the EPC works is 24 months.
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The order has been awarded by a domestic entity and does not fall within related party transactions. The promoter or promoter group companies do not have any interest in the awarding authority.
The company also stated that the trading window for dealing in its securities will remain closed for insiders, designated persons, connected persons and their immediate relatives until 48 hours after the information is made generally available to the public.
As of February 13, 2026, at 12:07 PM, Dilip Buildcon share price on NSE was trading at ₹436.50 down by 3.73% from the previous closing price.
Dilip Buildcon Limited has secured a 25 year ATF pipeline authorisation from PNGRB, with an EPC value of ₹124.00 crore and a 24 month execution period. The project will be executed through a wholly owned Special Purpose Vehicle in Gujarat.
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Published on: Feb 13, 2026, 12:41 PM IST
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