Madhucon Projects Ltd Share Price

Madhucon Projects, founded by Sri N Nageswara Rao in 1983, is engaged in the execution of infrastructure projects. The Hyderabad based company was converted into a Private Limited company in 1990 and became a Public Limited listed company in 1995.

It 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.

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.

It has built nearly 500 kilo meter of highways in the Golden Quadrilateral Road Network in India connecting Mumbai, Delhi, Calcutta and Chennai.

Business Divisions:

The company has set up seven operating divisions to facilitate concentrated working and fast expansion. They are:

• BOT Projects
• Highways & Airports
• Irrigation
• Hydel Power
• Property Development
• Water Resources
• Overseas Projects
• Water Resources
• Overseas Projects

Subsidiaries:

Madhucon Granites:

Madhucon Granites (MGL) has an experience of over 16 years in the business of quarrying dimensional granite blocks and production of polished slabs catering to the needs of international markets all over the world.

Madhucon Sugars

Madhcon acquired a loss-making and sick sugar factory in the co-operative sector at Khammam and turned it to a profit making company. Madhucon Sugars’s (MSL) present crushing capacity is 1,500 TPD, which is being augmented to 5,000 TPD in stages. The sugar factory is adding an Ethanol Distillery also, apart from setting up a 22MW Cogen Plant for producing power, using bagasse as the main fuel.

Simhapuri Energy

Madhucon is setting up a coal based thermal power plant of 50mega watt (MW) at Krishnapatnam in Andhra pradesh in two phases. In the first phase, generating capacity of 135MW will be commissioned in December 2009 and the second phase with 135MW will be commissioned in March 2010. It has tied up Power purchases Agreement (PPA) and coal linkage with power Trading Corporation of India. The fuel coal for the power plant is met from their own mines in Indonesia.

PT Madhucon Indonesia

Madhucon started open cast coal mining in Indonesia on a 100 acres site initially. The company expects to mine about 3 lakh tonnes production. The coal has higher calorific value and less ash content compared to domestic coal.

Achievements:

• Created record by laying 1,470 running meters of 2-Lane Rigid Pavement of National Highway-76 Chittorgarh- Mangalwar Road in a single day.
• Completed National Highway-76 from Chittorgarh to Mangalwar of 48kms length, 4/6 divided Carriageway, one year ahead of schedule.
• Executed 360 km of 4/6 laning on National Highways in the last 5 years and 100 km rigid (concrete) pavement within the last 3 years.
• Executed 1 lakh cum of earthwork in a single day in SRSP Flood Flow Canal, Karimnagar, AP.
• Executed 170 mts of tunnel length in one month in one face of BG Single Line Tunnel, Ratnagiri (South), Konkan Railway Corporation.

Awards:

• Bagged the Outstanding Performance and Super Quality Construction award from Konkan Railways in 1994,
• Fastest Growing Construction Company – 2nd Rank Award in 2003 from     Construction World - NICMAR,
• Fastest Growing Construction Company – 1st Rank Award in 2004 by Construction World – NICMAR,
• Innovation in Road Construction Award in 2005 by Construction World- Ingersoll Rand,

Future Plan:

Madhucon Projects aims to be in the league of top construction companies of the nation within 5 years and the most respected global construction within a period of 10 years.