DBL Divests Solar Assets in ₹6,829-Crore Deal
What Happened
Dilip Buildcon has signed agreements to divest its stake in a 1,363 MW under-construction solar portfolio in Madhya Pradesh to Alpha Alternatives. The portfolio, spread across 10 SPVs, has an estimated project cost of ₹6,263 crore and an enterprise value of around ₹6,829 crore.
Key Takeaways
The deal is part of Dilip Buildcon’s“DBL 2.0” strategy to recycle capital, reduce debt and build an asset-light infrastructure platform. Alpha Alternatives is expected to eventually acquire DBL’s remaining stake once the projects are completed.