Dilip Buildcon has received an approval for the issuance and allotment of 6000 non-convertible debentures in the form of senior, secured, unlisted, rated, redeemable, rupee denominated with a face value of Rs 10,00,000 each issued at par aggregating to Rs 600 crore in dematerialized form, bearing a coupon rate of 8.90% p.a. on private placement basis. The Board of the company at its meeting held on December 28, 2017, approved the same.
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.
