Dilip Buildcon Limited has been awarded an ₹1265 crore contract by REC Power Development and Consultancy Limited (RECPDCL) for the development and operation of an Intra-State Transmission System. The project involves establishing the 400 KV Gis Solapur/Paranda Switching Station in Maharashtra on a Build, Own, Operate, and Transfer (BOOT) basis. The project has a construction period of 24 months and an operational period of 35 years.
Major Infrastructure Contract Secured
Dilip Buildcon Limited has announced its selection as the L-1 bidder by REC Power Development and Consultancy Limited (RECPDCL). The company has been awarded a significant project for the “Development and Operation of Intra State Transmission System for Transmission of Electricity Through Tariff Based Competitive Bidding for Establishment of 400 KV Gis Solapur/ Paranda Switching Station (Dist. Dharashiv)” in Maharashtra.
Project Details and Terms
The contract encompasses the establishment of the 400 KV Gis Solapur/ Paranda Switching Station. Dilip Buildcon Limited will undertake this project on a Build, Own, Operate and Transfer (BOOT) basis, a route specified under Tariff Based Competitive Bidding (TBCB). The awarded project has a total value of INR 1265 crore (excluding GST). The agreement includes a construction period of 24 months from the Effective Date, followed by an operational period of 35 years from the Commercial Operation Date (COD).
Contracting Entity and Nature
REC Power Development and Consultancy Limited (RECPDCL) is the entity awarding the contract, acting as the Bid Process Coordinator (BPC) on behalf of the Maharashtra State Transmission Utility. The nature of the order involves the development, financing, design, engineering, procurement, construction, testing, commissioning, operation, and maintenance of transmission assets. The entity awarding the contract is a Domestic Entity.
Transaction Details
The transaction is categorized as an EPC (Engineering, Procurement, and Construction) contract for Dilip Buildcon Limited, excluding GST. Importantly, the promoter or promoter group companies of Dilip Buildcon Limited do not hold any interest in RECPDCL, and this transaction does not fall under related party transactions. It is conducted at an arm’s length basis.
Source: BSE
