DILIP BUILDCON LTD : SELLS SOLAR PORTFOLIO TO ALPHA ALTERNATIVES

• DBL has executed definitive agreements to divest its stake in ten special purpose vehicles (SPVs) undertaking its under-construction solar portfolio to Alpha Alternatives. • The portfolio has an estimated total project cost of ~₹6,263 Cr and the transaction is valued at an enterprise value of approximately ₹6,829 Cr. • DBL's wholly-owned subsidiary, DBRL, is engaged in the development of an approximately 1,363 MW (AC) grid-connected solar photovoltaic portfolio. • The divestment aligns with DBL's strategy of building an asset-light platform and enabling capital recycling.

Dilip Buildcon Limited

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