The Economic Times

Dilip Buildcon to sell stake in Mekhali Power to Alpha Alternatives for Rs 2,171 crore

In a significant move, Dilip Buildcon plans to divest its Mekhali Power Transmission stake valued at Rs 2,171 crore, with acquisition by Alpha Alternatives slated following the project's commissioning. This strategic pivot reinforces Dilip Buildcons commitment to an asset-light model and enhanced financial resilience. With an expected launch around mid-2028, this initiative will bolster Alpha Alternatives' investments in India's growing power and renewable energy landscape.