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Outcome of board meeting of Dilip Buildcon

Capital Market 

Held on 01 December 2016

Dilip Buildcon announced that the Board of Directors of the Company at its meeting held on 01 December 2016 has transacted the following -

Considered and reviewed utilisation of funds raised through the IPO.

Considered and approved incorporation of SPV Company for a road project on NH-66 (Kalmath to Zarap section) in State of Maharashtra under NHDP phase -IV on hybrid annuity basis.

Considered and approved the authorisation to provide undertaking to the authority on behalf of the above project.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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