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Dilip Buildcon bags LOI worth Rs 1,800 crore
Sep-10-2026

Dilip Buildcon has secured  Letter of Intent (LOI) worth Rs 1,800 crore (excluding GST) from Petroleum and Natural Gas Regulatory Board (PNGRB). The LOI is for ‘Grant of Authorization for Laying, Building, Operating or Expanding Petroleum and Petroleum Product (LPG) Pipeline from Paradip, Odisha to Raipur, Chattisgarh’. 

The project entails the grant of an exclusive license by PNGRB to act as the authorized entity for the development of ‘pipeline’ infrastructure for the transportation of LPG, including financing, construction, and operation of the same, and to levy and collect tariff for the transportation of LPG up to the designated delivery point for operation period of 25 years after construction period of 3 years.

Under the proposed project, the company will undertake the design, finance, development, construction, operation and maintenance of the proposed LPG pipeline infrastructure, subject to applicable approvals, authorisations and regulatory requirements of the PNGRB. The proposed pipeline infrastructure will facilitate the transportation of LPG to the bottling plants of various Oil Marketing Companies (OMCs), thereby intending, replacing the existing road-based transportation of LPG through tankers and enhancing road safety. The project will generate revenue through the applicable Petroleum and Petroleum Products Pipeline Transportation Tariff for transportation of LPG through the pipeline.

Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.

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