Dilip Buildcon gets PNGRB authorisation for a Paradip–Raipur LPG pipeline with an EPC value of about ₹1,800 crore
- Order win
- Infrastructure
Dilip Buildcon Limited has told the exchanges on 7 Oct 2026 that it has received a Grant of Authorisation from the Petroleum and Natural Gas Regulatory Board to lay, build, operate or expand an LPG pipeline from Paradip, Odisha to Raipur, Chhattisgarh. The authorisation is an exclusive licence to develop the pipeline and levy tariff for transporting LPG, for an operating period of 25 years after a construction period of 3 years. It follows the company’s announcement of 9 Sep 2026.
The project will be held in a special purpose vehicle that Dilip Buildcon will own fully. The EPC works are proposed to be awarded to Dilip Buildcon, a business opportunity of about ₹1,800 crore excluding GST over 36 months. The company says it will not buy, trade or sell LPG, and that the pipeline will operate as a common carrier earning a transportation tariff.
Inference
The company would earn from construction and then from regulated tariffs, without taking commodity risk. The EPC value is described as proposed, and the authorisation is subject to approvals.
Reference: Original filing (PDF)
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