Dilip Buildcon bags order worth Rs. 124 cr from PNGRB

Dilip Buildcon has received Letter of Award (LOA) for "Authorization to Lay, Built, Operate, or Expand Petroleum or Petroleum Product (ATF) Pipeline from Navgam. Gujarat to Sardar Vallabhbhai Patel International Airport, Gujarat by Petroleum and Natural Gas Regulatory Board (PNGRB)".

The Project entails the grant of an exclusive license by PNGRB to act as the authorized entity for the development of "pipeline” infrastructure for the transportation of ATF, including financing, construction, and operation of the same, and to levy and collect tariff for the transportation of ATF up to the designated delivery point for a period of 25 years.

The Project shall be implemented through a Special Purpose Vehicle (SPV), in which Dilip Buildcon Limited (DBL) shall hold 100% equity. The Engineering, Procurement and Construction (EPC) works are proposed to be awarded to DBL, representing a business opportunity valued at approximately INR 124.00 crore (excluding GST), to be executed over a period of 24 months.

At 12.29 pm, Dilip Buildcon was trading at Rs. 437.95, down by 3.31%, with a volume of 0.11 lakh shares on the BSE.