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Dilip Buildcon Sells Solar Portfolio Stake to Alpha Alternatives in Rs 6,263 Crore Deal
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News18•21-09-2026, 16:00
Dilip Buildcon Sells Solar Portfolio Stake to Alpha Alternatives in Rs 6,263 Crore Deal
- •Dilip Buildcon Limited (DBL) has divested its stake in an under-construction solar portfolio to Alpha Alternatives.
- •The portfolio, held through DBL Renewable Private Limited (DBRL), has an estimated total project cost of Rs 6,263 crore.
- •DBL executed definitive agreements with Alpha Alternatives on September 18, 2026, for the divestment of its stake in ten Special Purpose Vehicles (SPVs).
- •DBRL and Alpha Alternatives will fund the equity portion of the project cost in a 51:49 ratio during the construction period.
- •Upon completion, Alpha Alternatives-led Funds/InVIT will acquire DBL's remaining 51% stake in the portfolio.
Key Questions Answered
Dilip Buildcon divested its stake in an under-construction solar portfolio with a project cost of Rs 6,263 crore to Alpha Alternatives through agreements executed on September 18, 2026. DBRL and Alpha Alternatives partnered to fund the equity portion in a 51:49 ratio during construction, and Alpha Alternatives will acquire the remaining 51% stake upon project completion.
DBRL is developing approximately 1,363 MW (AC) of grid-connected solar photovoltaic portfolios across 163 locations in Madhya Pradesh using ten Special Purpose Vehicles.
JM Financial acted as the exclusive financial advisor for Dilip Buildcon, while Khaitan & Co. served as its legal advisor. AZB & Partners acted as the legal advisor for Alpha Alternatives.
