# Dilip Buildcon sells solar stake to Alpha Alternatives

> India's Dilip Buildcon divests its stake in a 1,363 MW solar portfolio to Alpha Alternatives in a major renewable energy transaction.
- Title: Dilip Buildcon sells solar stake to Alpha Alternatives
- Summary: India's Dilip Buildcon divests its stake in a 1,363 MW solar portfolio to Alpha Alternatives in a major renewable energy transaction. Dilip Buildcon is…
- Keywords: dilip buildcon, alpha alternatives, solar portfolio divestment, renewable energy, madhya pradesh, 1363 mw solar, solar photovoltaic, infrastructure investment, project financing, Dilip, Buildcon, sells
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/renewables/dilip-buildcon-sells-stake-in-solar-portfolio-to-alpha-alternatives/articleshow/134387920.cms
- Author: PTI
- Published: 2026-09-21T11:10:00+00:00
- Read time: 1 min
- Topics: dilip buildcon, alpha alternatives, solar portfolio divestment, renewable energy, madhya pradesh, 1363 mw solar, solar photovoltaic, infrastructure investment, project financing
## Dilip Buildcon exits solar business
Dilip Buildcon Limited divested its stake in an under-construction solar portfolio to Alpha Alternatives on September 18, 2026. The portfolio spans 1,363 megawatts across 163 locations in Madhya Pradesh.
## Portfolio valued at 6,263 crore
The solar portfolio has an estimated total project cost of 6,263 crore rupees. The deal involves ten special purpose vehicles that hold the under-construction solar assets.
## Funding split during construction
Dilip Buildcon Renewable Private Limited and Alpha Alternatives will fund the equity portion in a 51 to 49 ratio during the construction period. Funds will be invested through various instruments across multiple tranches.
## Alpha to own full portfolio later
Upon completion of the solar portfolio, Alpha Alternatives led funds or infrastructure investment trusts will acquire Dilip Buildcon's remaining 51 percent stake. This gives Alpha full ownership of the completed project.
## Advisors on the transaction
JM Financial served as exclusive financial advisor to Dilip Buildcon, while Khaitan & Co provided legal counsel. AZB & Partners advised Alpha Alternatives on the deal structure.
## Key takeaway

Dilip Buildcon is exiting its solar development business by selling its stake to Alpha Alternatives, which will fund and eventually own the entire 1,363 MW portfolio across Madhya Pradesh.