Dilip Buildcon Divests Mekhali Power Project For ₹2,914 Crore, Alpha Alternatives To Acquire 51% Equity
Mumbai: Dilip Buildcon on 9 September 2026 announced it had executed definitive agreements for the divestment of its stake in Mekhali Power Transmission Limited (MPTL) to Alpha Alternatives Fund Advisors LLP and/or its affiliates. Project Valuation The buyout of the under-construction power transmission project is valued at an enterprise value of approximately ₹2,914 crore. This is subject to…
Mumbai - Dilip Buildcon has finalized agreements to sell its stake in the Mekhali Power Transmission Limited project to Alpha Alternatives Fund Advisors LLP for approximately ₹2,914 crore, representing a 51% equity stake. The under-construction transmission project, valued at around ₹2,171 crore, is expected to commence commercial operations in mid-2028.
Dilip Buildcon and Alpha Alternatives will fund the equity portion in a 51:49 ratio. Once operational, Alpha Alternatives will acquire Dilip Buildcon's remaining equity stake. The transaction is seen as a strategic milestone in Dilip Buildcon's DBL 2.0 journey, enabling early capital recycling and supporting an asset-light business model.
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