{
  "id": 6561827,
  "title": "Dilip Buildcon Divests Mekhali Power Project For ₹2,914 Crore, Alpha Alternatives To Acquire 51% Equity",
  "url": "https://urgent.news/2026/09/10/dilip-buildcon-divests-mekhali-power-project-for-2-914-crore-alpha",
  "topic": "world",
  "section": "World",
  "published": "2026-09-10T07:55:02.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/dilip-buildcon-divests-mekhali-power-project-for-2914-crore-alpha-alternatives-to-acquire-51-equity"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}