RBM INFRACON LTD TO INCORPORATE WHOLLY OWNED SUBSIDIARY IN DUBAI

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RBM Infracon Ltd, a prominent player in India’s construction and infrastructure sector, has announced plans to incorporate a wholly owned subsidiary in Dubai, marking a significant step in its international expansion strategy.

Key Highlights:

The Board of RBM Infracon Ltd has approved the incorporation of a new subsidiary in Dubai, aiming to tap into the robust infrastructure and construction market of the Middle East.

This move aligns with RBM Infracon’s growth strategy to diversify geographically and reduce concentration risk associated with its current operations in India.

The Dubai subsidiary will function as a wholly owned entity, enabling RBM Infracon to directly participate in regional projects and establish a local presence for business development and execution.

The company’s decision is backed by its strong order book, reputed client profile, and a comfortable capital structure, as recently highlighted by rating agencies.

RBM Infracon has demonstrated consistent operational growth, with recent upgrades to its credit ratings reflecting improved financial metrics and execution capabilities.

The expansion is expected to open new avenues for revenue generation, enhance the company’s global footprint, and strengthen its competitive positioning in the infrastructure sector.

Management anticipates that the Dubai entity will facilitate access to new contracts, strategic partnerships, and regional expertise, further supporting RBM Infracon’s long-term vision.

Further details regarding the timeline, capital structure, and operational plans for the Dubai subsidiary will be communicated to stakeholders as developments progress.

Source: MarketScreener, Infomerics, StockInsights