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Dilip Buildcon Shares Surge Over 3 Percent On Rs 1800 Crore LPG Pipeline Approval
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CNBC TV18•07-10-2026, 12:48
Dilip Buildcon Shares Surge Over 3 Percent On Rs 1800 Crore LPG Pipeline Approval
- •Shares of Dilip Buildcon Ltd gained up to 3.6% in intraday trade after securing approval for a ₹1,800 crore LPG pipeline project.
- •The company received the Grant of Authorisation from the Petroleum and Natural Gas Regulatory Board to build a pipeline from Paradip in Odisha to Raipur in Chhattisgarh.
- •The project will be executed over three years through a wholly owned subsidiary, with EPC work awarded directly to Dilip Buildcon.
- •The pipeline will operate under a Common Carrier framework, generating revenue through regulated transportation tariffs.
- •The initiative aims to replace road-based fuel tanker transport, significantly improving road safety.
Key Questions Answered
Dilip Buildcon received approval for an LPG pipeline project valued at approximately ₹1,800 crore. The project involves laying, building, operating, and expanding a pipeline from Paradip in Odisha to Raipur in Chhattisgarh.
The LPG pipeline infrastructure project is planned to be executed over a period of three years, or 36 months. Following construction, the operation period will extend for 25 years.
The dedicated pipeline corridor is designed to replace current road-based LPG transportation that relies on fuel tankers. Removing heavy gas tankers from public transit routes will substantially improve road safety and lower logistics issues.
