Madhucon projects, Hyderabad-based infrastructure company is likely to raise about Rs 600-700 crore by selling up to 26% stake in a subsidiary company, Simhapuri energy. The company is implementing the 1,920 mw Simhapuri coal fired power plant in the costal district of Nellore in Andhra Pradesh and is ready to complete the commissioning of both phase I and II of 300 mw each by the end of this year.
Madhucon, the flagship company of the Madhucon group, has an in house design engineering cell manned by qualified, experienced design engineers equipped with state of art software. Besides, it also has a large fleet of state-of-the-art machinery and equipment, majority of which were procured from overseas.
