Madhucon Projects trades jubilantly on entering into term sheet with TRIL Roads

23 Dec 2014

Madhucon Projects is currently trading at Rs. 38.00, up by 5.25 points or 16.03% from its previous closing of Rs. 32.75 on the BSE.

The scrip opened at Rs. 33.60 and has touched a high and low of Rs. 39.30 and Rs. 33.60 respectively. So far 306663 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 52.30 on 13-Jun-2014 and a 52 week low of Rs. 10.45 on 21-Feb-2014.

Last one week high and low of the scrip stood at Rs. 39.30 and Rs. 28.15 respectively. The current market cap of the company is Rs. 250.90 crore.

The promoters holding in the company stood at 58.87% while Institutions and Non-Institutions held 4.08% and 37.00% respectively.

Madhucon Projects, a flagship company of Madhucon Group has entered into a term sheet with TRIL Roads. As per the agreement, the company will disinvest its subsidiaries Madhucon Infra and Madhucon Toll Highways’ 74% stake in Madhucon Agra-Jaipur Expressways, a step down subsidiary of Madhucon Projects, a National Highway Authority of India’s Road Project.

Madhucon Projects is one of the India’s leading Engineering, Procurement and Construction (EPC) and Build, Operate and Transfer (BOT) contractors and has executed wide ranging projects in the areas of State & National Highways, Bridges, Flyovers, Irrigation Projects (Dams, Canals, Tunnels) Industrial Projects, Townships, Railway Projects etc.

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Puchho Befikar
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