Madhucon Projects
By
Ruma Dubey
about 7 years ago
Madhucon Projects is on a roll today. The stock price rose almost 8% at Rs.50.70 and continues to remains firmly in the green.
The company has received a slew of orders. It has got a Letter of Award for Rs.923 crore. Its JV with Shreehari –Hulu got an order for Rs166 crore from Maharashtra State Road Development Corporation for rehabilitation and construction of Manjarsumbha to Chumbhali Phata of NH-548D. This is for two-laning with paved shoulder on an EPC mode.
Another order worth Rs.174 crore is from MORTH and another JV has won two contracts worth Rs.583 crore, both for projects in Maharashtra.