Dilip Buildcon Limited (DBL) has been declared as the L-1 bidder by REC Power Development and Consultancy Limited (RECPDCL) for the project titled “Establishing 400 kV Sub-station at Mekhali along with associated transmission lines (Belagavi District), Karnataka”. This project involves the establishment of a 400/220/33 kV AIS sub-station at Mekhali, along with associated 400 kV and 220 kV transmission lines. DBL will execute this on a Build, Own, Operate and Transfer (BOOT) basis for a period of 35 years from the Commercial Operation Date (COD), under the Tariff Based Competitive Bidding (TBCB) route. The estimated value for the EPC (Engineering, Procurement, and Construction) component, excluding GST, is ₹1850 crore. The project is to be executed under a tariff-based annuity model. Construction and commissioning are to be completed within 24 months from the Effective Date, as per the Request for Proposal (RFP). Dilip Buildcon Limited will acquire 100% equity of the Project Special Purpose Vehicle (SPV) and act as the Transmission Service Provider (TSP). This contract is awarded by a domestic entity, RECPDCL, acting as the Bid Process Coordinator (BPC) on behalf of the Government of Karnataka. The company has also stated that the trading window for dealing in its securities will remain closed until 48 hours after the public availability of this information.