Madhucon Projects soars on bagging contract worth Rs 173.60 crore in Maharashtra

10 Apr 2017

Madhucon Projects is currently trading at Rs. 48.85, up by 1.75 points or 3.72% from its previous closing of Rs. 47.10 on the BSE.

The scrip opened at Rs. 48.30 and has touched a high and low of Rs. 50.70 and Rs. 48.30 respectively. So far 49724 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 57.80 on 13-Apr-2016 and a 52 week low of Rs. 33.00 on 23-Nov-2016.

Last one week high and low of the scrip stood at Rs. 50.70 and Rs. 43.10 respectively. The current market cap of the company is Rs. 361.23 crore.

The promoters holding in the company stood at 58.86%, while institutions and non-institutions held 4.19% and 36.95% respectively.

Madhucon Projects has bagged a contract worth Rs 173.60 crore in Maharashtra on EPC Mode. The project is for rehabilitation and up-gradation of Khamgaon-Mekhar-Sulktanpur-Lonar-Mantha-Vathurphata-Partur-Mazalgaon-Dharur-Kaij-Kalamb-Barshi-Karadwadi-Pandharpur-Sangola connecting NH-166 (section from Kurudwadi-Pandharpur-Sangola (SH-210) connecting NH-166) from KM 48+375 (Pandharpur) to Km 79+533 (Sangola) & Pandharpur (3.200 Km overlay) NH-965C to two lane with paved shoulder configuration in the state of Maharashtra. The company has received Letter of Award (LoA) from the Ministry of Road Transport & Highways (MORTH), Government of India for the same.

Madhucon Projects is engaged in civil construction. The Company is an integrated construction, infrastructure development and management company. It caters to various sectors of construction and infrastructure projects, such as transportation, irrigation, water resources infrastructures, railways, engineering, procurement and construction (EPC), turnkey projects, developments of smart cities, and properties, in India.

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