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Dilip Buildcon Limited (DBL) has approved the proposed divestment of its stakes in Mekhali Power Transmission Limited and DBL Renewable Private Limited to Alpha Alternatives Fund Advisors LLP and/or its affiliates or funds managed by the firm. The combined total project cost of the assets is approximately ₹8,400 crore.

The company’s Board of Directors approved the proposal at its meeting held on August 10, 2026. The transaction involves two special purpose vehicles undertaking DBL’s under-construction power transmission and solar projects.

Mekhali Power Transmission Limited is developing a 400-kV substation and power transmission project spanning approximately 470 circuit kilometres in Belagavi district, Karnataka.

DBL Renewable Private Limited is developing a 1,363 MW AC / 1,977 MWp DC solar portfolio comprising 10 SPVs with solar assets located across Madhya Pradesh.

The consideration for the proposed transaction will be determined through a phased subscription and closing mechanism based on the terms agreed between the parties. Definitive agreements for the transaction have not yet been signed.

DBL said the proposed divestment is aimed at unlocking value from its infrastructure assets and advancing its strategy of developing an asset-light, multi-asset platform focused on recurring cash flows and capital recycling. The transaction is also expected to support the company’s efforts to deleverage and strengthen its balance sheet.

Dilip Buildcon Limited (DBL) has approved the proposed divestment of its stakes in Mekhali Power Transmission Limited and DBL Renewable Private Limited to Alpha Alternatives Fund Advisors LLP and/or its affiliates or funds managed by the firm. The combined total project cost of the assets is approximately ₹8,400 crore.

The company’s Board of Directors approved the proposal at its meeting held on August 10, 2026. The transaction involves two special purpose vehicles undertaking DBL’s under-construction power transmission and solar projects.

Mekhali Power Transmission Limited is developing a 400-kV substation and power transmission project spanning approximately 470 circuit kilometres in Belagavi district, Karnataka.

DBL Renewable Private Limited is developing a 1,363 MW AC / 1,977 MWp DC solar portfolio comprising 10 SPVs with solar assets located across Madhya Pradesh.

The consideration for the proposed transaction will be determined through a phased subscription and closing mechanism based on the terms agreed between the parties. Definitive agreements for the transaction have not yet been signed.

DBL said the proposed divestment is aimed at unlocking value from its infrastructure assets and advancing its strategy of developing an asset-light, multi-asset platform focused on recurring cash flows and capital recycling. The transaction is also expected to support the company’s efforts to deleverage and strengthen its balance sheet.

Dilip Buildcon Limited (DBL) has approved the proposed divestment of its stakes in Mekhali Power Transmission Limited and DBL Renewable Private Limited to Alpha Alternatives Fund Advisors LLP and/or its affiliates or funds managed by the firm. The combined total project cost of the assets is approximately ₹8,400 crore.

The company’s Board of Directors approved the proposal at its meeting held on August 10, 2026. The transaction involves two special purpose vehicles undertaking DBL’s under-construction power transmission and solar projects.

Mekhali Power Transmission Limited is developing a 400-kV substation and power transmission project spanning approximately 470 circuit kilometres in Belagavi district, Karnataka.

DBL Renewable Private Limited is developing a 1,363 MW AC / 1,977 MWp DC solar portfolio comprising 10 SPVs with solar assets located across Madhya Pradesh.

The consideration for the proposed transaction will be determined through a phased subscription and closing mechanism based on the terms agreed between the parties. Definitive agreements for the transaction have not yet been signed.

DBL said the proposed divestment is aimed at unlocking value from its infrastructure assets and advancing its strategy of developing an asset-light, multi-asset platform focused on recurring cash flows and capital recycling. The transaction is also expected to support the company’s efforts to deleverage and strengthen its balance sheet.

Dilip Buildcon Limited (DBL) has approved the proposed divestment of its stakes in Mekhali Power Transmission Limited and DBL Renewable Private Limited to Alpha Alternatives Fund Advisors LLP and/or its affiliates or funds managed by the firm. The combined total project cost of the assets is approximately ₹8,400 crore.

The company’s Board of Directors approved the proposal at its meeting held on August 10, 2026. The transaction involves two special purpose vehicles undertaking DBL’s under-construction power transmission and solar projects.

Mekhali Power Transmission Limited is developing a 400-kV substation and power transmission project spanning approximately 470 circuit kilometres in Belagavi district, Karnataka.

DBL Renewable Private Limited is developing a 1,363 MW AC / 1,977 MWp DC solar portfolio comprising 10 SPVs with solar assets located across Madhya Pradesh.

The consideration for the proposed transaction will be determined through a phased subscription and closing mechanism based on the terms agreed between the parties. Definitive agreements for the transaction have not yet been signed.

DBL said the proposed divestment is aimed at unlocking value from its infrastructure assets and advancing its strategy of developing an asset-light, multi-asset platform focused on recurring cash flows and capital recycling. The transaction is also expected to support the company’s efforts to deleverage and strengthen its balance sheet.

Dilip Buildcon Limited (DBL) has approved the proposed divestment of its stakes in Mekhali Power Transmission Limited and DBL Renewable Private Limited to Alpha Alternatives Fund Advisors LLP and/or its affiliates or funds managed by the firm. The combined total project cost of the assets is approximately ₹8,400 crore.

The company’s Board of Directors approved the proposal at its meeting held on August 10, 2026. The transaction involves two special purpose vehicles undertaking DBL’s under-construction power transmission and solar projects.

Mekhali Power Transmission Limited is developing a 400-kV substation and power transmission project spanning approximately 470 circuit kilometres in Belagavi district, Karnataka.

DBL Renewable Private Limited is developing a 1,363 MW AC / 1,977 MWp DC solar portfolio comprising 10 SPVs with solar assets located across Madhya Pradesh.

The consideration for the proposed transaction will be determined through a phased subscription and closing mechanism based on the terms agreed between the parties. Definitive agreements for the transaction have not yet been signed.

DBL said the proposed divestment is aimed at unlocking value from its infrastructure assets and advancing its strategy of developing an asset-light, multi-asset platform focused on recurring cash flows and capital recycling. The transaction is also expected to support the company’s efforts to deleverage and strengthen its balance sheet.

ACME Solar has successfully completed the refinancing of INR 2,147 crore, thereby redeeming existing Non-Convertible Debentures (NCDs) issued by 12 operational special purpose vehicles (SPVs), representing a cumulative capacity of 450 MW, in August 2021 under the Restricted Group (RG) Structure. Concurrently, the underlying offshore dollar bonds under the orphan structure have also been fully redeemed. This takes the total financing raised so far during the current fiscal to Rs 8,198 crore.

RG Structure comprises of 12 Operational Solar Assets, with 56% of the overall capacity being tied up with Central Utilities viz. SECI and NTPC and rest capacity tied up with various State offtakers. RG structure is provisionally rated as AA- from CARE ratings which demonstrates credit rating agency comfort on the operational and financial parameters of these assets.

This long-term refinancing has been availed from National Bank for Financing Infrastructure and Development (NaBFID). This has reduced the borrowing cost by approximately 150 basis points across these issuing SPVs, resulting in stronger project cash flows and an enhanced long-term capital structure.

ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

ACME Solar has successfully completed the refinancing of INR 2,147 crore, thereby redeeming existing Non-Convertible Debentures (NCDs) issued by 12 operational special purpose vehicles (SPVs), representing a cumulative capacity of 450 MW, in August 2021 under the Restricted Group (RG) Structure. Concurrently, the underlying offshore dollar bonds under the orphan structure have also been fully redeemed. This takes the total financing raised so far during the current fiscal to Rs 8,198 crore.

RG Structure comprises of 12 Operational Solar Assets, with 56% of the overall capacity being tied up with Central Utilities viz. SECI and NTPC and rest capacity tied up with various State offtakers. RG structure is provisionally rated as AA- from CARE ratings which demonstrates credit rating agency comfort on the operational and financial parameters of these assets.

This long-term refinancing has been availed from National Bank for Financing Infrastructure and Development (NaBFID). This has reduced the borrowing cost by approximately 150 basis points across these issuing SPVs, resulting in stronger project cash flows and an enhanced long-term capital structure.

ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

ACME Solar has successfully completed the refinancing of INR 2,147 crore, thereby redeeming existing Non-Convertible Debentures (NCDs) issued by 12 operational special purpose vehicles (SPVs), representing a cumulative capacity of 450 MW, in August 2021 under the Restricted Group (RG) Structure. Concurrently, the underlying offshore dollar bonds under the orphan structure have also been fully redeemed. This takes the total financing raised so far during the current fiscal to Rs 8,198 crore.

RG Structure comprises of 12 Operational Solar Assets, with 56% of the overall capacity being tied up with Central Utilities viz. SECI and NTPC and rest capacity tied up with various State offtakers. RG structure is provisionally rated as AA- from CARE ratings which demonstrates credit rating agency comfort on the operational and financial parameters of these assets.

This long-term refinancing has been availed from National Bank for Financing Infrastructure and Development (NaBFID). This has reduced the borrowing cost by approximately 150 basis points across these issuing SPVs, resulting in stronger project cash flows and an enhanced long-term capital structure.

ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.