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Shares of Dilip Buildcon jumped 3.4% after the company scored a big win, it’s now the lowest bidder for a massive solar project awarded by the Madhya Pradesh Urja Vikas Nigam.
So, what’s the project all about: it’s set to install 1,363.5 MW (AC) of grid-connected solar power under the government’s PM KUSUM-C scheme. To give you an idea of the scale, this is one of the largest renewable energy contracts ever in Madhya Pradesh, giving a huge boost to the state’s clean energy goals.
And Dilip Buildcon isn’t just hanging up some solar panels, they’ll be handling everything from start to finish.
This includes developing and designing the project, doing all the engineering, supplying the equipment, constructing the plants, testing and commissioning them, and even taking care of operations and maintenance down the line.
Why does this matter for people like us: the PM KUSUM-C feeder solarisation programme is designed to cut power losses and help electricity distribution companies stay financially healthy.
How? By replacing the old agricultural power supply with decentralised solar generation, basically, producing solar power closer to where it’s used instead of losing electricity along long transmission lines. The result: more solar energy, less wastage, and better-managed electricity bills.
