Century Plyboards incorporates wholly owned subsidiary Century Ports

5 Apr 2022 , 12:16 PM

The Board of Directors of Century Plyboards (India) Limited, by a resolution passed by circulation on April 3, 2022, has considered and approved, subject to necessary statutory and regulatory approvals, as may be required, incorporation of a Wholly owned Subsidiary Company in the name of “Century Ports Limited” or such other name as may be available from the Ministry of Corporate Affairs.

The proposed wholly-owned subsidiary company shall be carrying out the project for rejuvenation of Khidderpore Docks (KPD-I West) through PPP mode on Design, Build, Finance, Operate and Transfer (DBFOT) basis at Syama Prasad Mookerjee Port, Kolkata.

At around 12.18 pm, Century Plyboards (India) Ltd was trading at Rs703.70 per share up by Rs5.95 or 0.85% from its previous closing of Rs697.75 per share on the BSE.