Consolidated Construction touches the roof on getting nod for CDR package

04 Apr 2014

Consolidated Construction Consortium is currently trading at its upper circuit limit of Rs. 4.00, up by 0.19 points or 4.99% from its previous closing of Rs. 3.81 on the BSE.

The scrip opened at Rs. 4.00 and has touched a high and low of Rs. 4.00 and Rs. 3.98 respectively. So far 8125 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 13.17 on 17-Apr-2013 and a 52 week low of Rs. 1.90 on 03-Mar-2014.

Last one week high and low of the scrip stood at Rs. 4.00 and Rs. 3.24 respectively. The current market cap of the company is Rs. 73.91 crore.

The promoters holding in the company stood at 50.73% while Institutions and Non-Institutions held 12.23% and 37.04% respectively.

Consolidated Construction Consortium has received an approval for Corporate Debt Restructuring proposal. The Company has received an approval in the CDR EG meeting held on March 24, 2014. The Provisional Letter of Approval has been issued on March 28, 2014 by the CDR Cell.

Consolidated Construction Consortium (CCCL) is an ISO-certified company with a turnover of around Rs 18.41 billion. It has a significant presence in India, with offices in Chennai, Bangalore, Hyderabad, Delhi, Kolkata, Pune and Trivandrum. An office recently opened in Middle East marks the beginning of its international visibility. CCCL has registered consistent growth over the years, ever since its inception.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323