Dilip Buildcon, Low-Bidder Win in MP Solar Spurs Stock Move

said it emerged as the lowest bidder to develop 1,363.55 MW (AC) of grid-connected solar capacity under PM KUSUM–C in Madhya Pradesh, implying an EPC pipeline of about ₹4,900 crore to be executed over roughly 18 months via multiple SPVs. The non-DCR project will sell power to MPPMCL under a 25-year PPA, with scope covering development through O&M in line with MNRE and MPERC norms. Shares rose over 4% intraday to ₹484.80 before easing to about ₹470.20, while the company’s September quarter saw net profit down 22.8% to ₹182 crore, revenue down 21.8% to ₹1,925 crore, and EBITDA down 5.8% to ₹470.6 crore, though margin improved to 24.5% from 20.3%. ​Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.