Dilip Buildcon Wins INR 1800 Crore LPG Pipeline Authorization

Core Announcement – Order Details

Awarding Entity: Petroleum and Natural Gas Regulatory Board (PNGRB)

Domestic/International Order: Domestic

Nature of Order/Contract:

Exclusive license authorization for laying, building, operating, and expanding petroleum and petroleum product (LPG) pipeline from Paradip, Odisha to Raipur, Chattisgarh. Includes financing, construction, and operation of pipeline infrastructure for transportation of LPG.

Order Value:

INR 1800.00 crore (excluding GST)

Materiality Context:

Not Specified

Execution Timeline:

Construction period: 3 years (36 months)

Operation period: 25 years after construction completion

Revenue Recognition / Billing Structure:

Revenue generation through applicable Petroleum and Petroleum Products Pipeline Transportation Tariff for transportation of LPG through the pipeline. Pipeline will operate as a Common Carrier under PNGRB framework with eligible OMCs/users accessing pipeline capacity.

Key Terms & Payment Milestones:

Not Specified

Whether Related Party Transaction:

No

Promoter Group Involvement:

No

Financial Implication:

EPC works valued at approximately INR 1800.00 crore (excluding GST) proposed to be awarded to Dilip Buildcon Limited. Project to be implemented through a Special Purpose Vehicle (SPV) in which Dilip Buildcon Limited shall hold 100% equity.