Archive · 10 Sep 2026
Dilip Buildcon Shares Rally After ₹1,800 Crore LPG Pipeline Order
Dilip Buildcon received permission to develop a large LPG pipeline.
The pipeline will connect Paradip in Odisha with Raipur in Chhattisgarh.
The project is valued at about ₹1,800 crore.
The company expects to finish building it in 36 months.
After construction, it may operate the pipeline for 25 years.
The pipeline could replace some LPG movement by road tankers.
Investors reacted positively, and the company’s shares rose sharply.
Dilip Buildcon also agreed to sell its stake in a separate power-transmission project to recycle capital.
Dilip Buildcon shares rose as much as 10% on the NSE after the company received a ₹1,800 crore LPG pipeline order.
The Letter of Intent from the Petroleum and Natural Gas Regulatory Board covers a pipeline linking Paradip in Odisha with Raipur in Chhattisgarh.
The project will be developed through a wholly owned special-purpose vehicle and is expected to be completed within 36 months.
Dilip Buildcon will operate the pipeline for 25 years after construction, subject to regulatory approvals and clearances.
The company also signed agreements to divest its stake in Mekhali Power Transmission Limited to Alpha Alternatives Fund Advisors and its affiliates.
- Who
- Dilip Buildcon, the Petroleum and Natural Gas Regulatory Board, and Alpha Alternatives Fund Advisors LLP.
- What
- Dilip Buildcon received an LPG pipeline Letter of Intent and agreed to divest its stake in Mekhali Power Transmission Limited.
- When
- The relevant exchange filings were dated 9 and 10 September; shares rallied on Thursday, 10 September.
- Where
- The proposed LPG pipeline will connect Paradip in Odisha with Raipur in Chhattisgarh; the transmission project is in Belagavi district, Karnataka.
- Why
- The LPG pipeline is intended to transport LPG to oil marketing companies’ bottling plants, while the divestment is intended to recycle capital and strengthen Dilip Buildcon’s balance sheet.
- LPG pipeline value
- Approximately ₹1,800 crore
- Share-price move
- Shares rose as much as 10% on the NSE
- Opening price
- ₹429, compared with a previous close of ₹393
- Pipeline route
- Paradip, Odisha, to Raipur, Chhattisgarh
- Construction period
- Expected completion within 36 months
- Operating period
- 25 years after construction
- Transmission project
- Approximately ₹2,171 crore total estimated cost; about 470 circuit kilometres and a 400-kilovolt substation