Dilip Buildcon has informed the exchanges of an alteration in the main objects clause of the memorandum of association of the company, to start a new business activity. The proposal includes carrying on the business of purchase and sale of petroleum and petroleum products; to act as dealers in and distributors for petroleum companies; to run service station for repair and servicing of automobiles and to manufacture or deal in fuel oils, cutting oils and greases; and to explore, develop, produce, purchase or otherwise acquire petroleum crude oil, natural gas, all kinds of hydrocarbons and mineral substances, both onshore, within the territorial jurisdiction of the Indian Union and anywhere in the world. The inclusion of the clause is generic and does not mean that DBL will enter these businesses. “Would like to inform that all investments in gas station and its allied infrastructure like food stalls, restaurants, etc will be funded by IOCL. It will not affect any day to day operations," the statement added. Shares of Dilip Buildcon gained 6.95 per cent at ₹548.30 on the NSE.