Dilip Buildcon will divest its 51% stake in Mekhali Power Transmission to Alpha Alternatives Fund Advisors for Rs 2,171 crore at an enterprise value of Rs 2,914 crore, after commissioning. Mekhali Power is developing a 400 kV substation transmission project spanning 470 circuit km in Belagavi, Karnataka, under a Transmission Service Agreement with KPTCL dated May 30, 2026, on BOOT basis, with commercial operations targeted mid-2028.
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