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Dilip Buildcon inks pact to sell stake in Mekhali Power Transmission
Sep-10-2026

Dilip Buildcon (DBL) has executed definitive agreements for divestment of its stake in Mekhali Power Transmission, the SPV undertaking the company's under-construction power transmission project to Alpha Alternatives Fund Advisors LLP and/or its affiliates and/or funds managed by Alpha Alternatives Fund Advisors LLP (Alpha Alternatives). The total project cost of transmission project is approximately Rs 2,171 crore.

Mekhali Power Transmission is engaged in developing, designing and engineering a 400- kilovolt sub-station power transmission project extending to approximately 470 circuit kilometres situated in Belagavi District, Karnataka. The divestment represents a value-unlocking opportunity for DBL and is aligned with the company’s strategy of building an asset-light, multi-asset development platform focused on generating recurring cash flows and enabling capital recycling for reinvestment in new opportunities. 

The transaction also supports the company’s continued efforts to deleverage and strengthen its balance sheet, while further deepening its existing long-term partnership with Alpha Alternatives.  The transaction is subject to the fulfilment of the terms and conditions set out in the definitive agreements, and receipt of requisite regulatory approvals. 

Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.


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