Maharashtra authorities impose Rs 33.78 crore fine on Dilip Buildcon

Dilip Buildcon Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 540047 | NSE: DBL

05 Dec 2018 Evaluate

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.

Peers

Company Name	CMP
Lodha Developers	1162.95
Prestige EstatesProj	1490.30
Dilip Buildcon	416.00
DLF	677.75
Oberoi Realty	1867.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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