[SMM PV Flash] Dilip Buildcon Signs Deal for 1.36 GW Solar Portfolio at INR 68.29 Billion EV

Published: Sep 22, 2026 09:41 (GMT+8)

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Dilip Buildcon disclosed on 21 September that it had executed definitive agreements on 18 September for an approximately 1,363 MWac solar portfolio held through ten project companies and under construction across 163 sites in Madhya Pradesh. The portfolio carries an estimated project cost of INR 62.63 billion and an enterprise value of about INR 68.29 billion; during construction, Dilip Buildcon and the buyer will fund equity in a 51:49 ratio, with the buyer expected to acquire Dilip Buildcon’s remaining 51% interest after completion. Commercial operation is targeted for September 2027, with offtake arrangements secured under the PM-KUSUM-C feeder solarisation programme, while closing remains subject to conditions precedent and applicable regulatory approvals.

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