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Madhucon Projects bags EPC contract worth Rs 422.06 crore from Bharat Coking Coal

26 Nov 2011

Madhucon Projects has received letter of award for the work of hiring of HEMM including surface miner for removal of OB, extraction and transportation of coal from Patch 'A' and Patch ‘B' of Phularitand Colliery OC of Barora area at a cost of Rs 422.06 crore from Bharat Coking Coal, Dhanbad. The project is to be completed in 84 months from the date of acceptance.

The company has order book position of around Rs 6,500 crore, which is inclusive of road, irrigation, power and mining sectors. Madhucon Projects has also been pre-qualified in EPC works over Rs 20,000 crore in various sectors.

Further, the company’s subsidiary - Madhucon Infra is having road vertical, power vertical and coalmine vertical. There are total 8 road projects under road portfolio costing around Rs 7,000 crore in which 4 toll road projects are commissioned and toll revenues are being collected. With regard to 3 more newly secured BOT projects, financial closure has been completed and the project construction activities have just started. LOA for one more BOT toll road project between Vijayawada and Machilipatnam costing around Rs 760 crore is received from NHAI.

Also, Madhucon Infra is coming up with 1920 MW coal based power project near Nellore. The first phase of 300 MW power plant is expected to be commissioned by end of this year. The second phase of 300 MW power plant is expected to be commissioned by August, 2012.

Madhucon Projects has also been declared as preferential bidder in a 300 MW mine mouth power project in Indonesia, which is on BOT basis. With regard to the coal subsidiary, PT Madhucon Indonesia, in-principle clearance for Jetty construction has been received and the company is hopefull of commencing the coal production by January / February, 2012.

Madhucon Projects is a premier infrastructure development company specialized in construction of national highways, BOT toll roads, dams, canals, aqueducts, workshops, power projects, coal mines and residential cum commercial ventures.

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