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06-Dec2018

Dilip Buildcon falls as Maharashtra authorities impose Rs 33.78 crore fine

Dilip Buildcon is currently trading at Rs. 431.30, down by 14.50 points or 3.25% from its previous closing of Rs. 445.80 on the BSE.

The scrip opened at Rs. 436.40 and has touched a high and low of Rs. 440.40 and Rs. 429.40 respectively. So far 5236 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1248.35 on 15-May-2018 and a 52 week low of Rs. 365.40 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 473.00 and Rs. 429.40 respectively. The current market cap of the company is Rs. 5955.64 crore.

The promoters holding in the company stood at 75.63%, while Institutions and Non-Institutions held 16.76 % and 7.61 % respectively.

Maharashtra authorities have imposed Rs 33.78 crore fine on Dilip Buildcon (DBL) for allegedly excavating murum (soft rock) illegally in Beed district in the state of Maharashtra. The company was engaged in illegal excavation work during cementing of the Majalgaon-Kej road as part of the Khamgaon-Pandharpur National Highway project stretch.

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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