Dilip Buildcon Limited (DBL) has officially announced that it has emerged as the L1 bidder for a major mining development and operations project floated by National Aluminium Company Limited (NALCO), a Government of India enterprise.
According to the stock exchange filing, the project involves “MDO Contract for Development and Operation of Pottangi Bauxite Mines along with Overland Conveyor Corridor (OLCC) and allied facilities.” The total contract value is ₹5,000 crore (excluding GST), with a combined operational tenure of 25 years.
Project Breakdown
As per the document submitted to BSE and NSE:
- EPC work for the first 3 years (OLCC, road development, water intake facility, mining & transportation) —
₹1,750 crore, covering 7 million tonnes of handling. - Mining operations for the remaining 22 years —
₹3,250 crore, covering 77 million tonnes, based on current mining charges of ₹423 per tonne. - Total project size: 84 million tonnes over 25 years, worth ₹5,000 crore.
Type of Contract
DBL clarified that this is a General Contract (L1) awarded by a domestic entity (NALCO). The company also confirmed that neither the promoter nor the promoter group has any interest in NALCO, and the project does not fall under related-party transactions.
Trading Window Closure
In line with insider trading regulations, the company stated that its trading window will remain closed until 48 hours after the information becomes public.
