Madhucon Gets $3.9 Million Nepal order

Madhucon Projects Ltd, a Hyderabad-based infrastructure company, has secured a $3.9 million order for a road project from the Government of Nepal.
According to a company statement, the mandate involves upgradation of Sanfebagar-Martadi road under the road improvement project of the Exim Bank of India, Mumbai.
It had commissioned its first BOT project on NH 11 on the Bharatpur-Mahua section in Rajasthan, for which toll collection started from May. . National Highways Authority of India has recommended starting toll collection for the company’s second BOT project between Karur and Dindigul.
Meanwhile, Madhucon, which is establishing a 540 MW thermal power project in Krishnapatnam, proposes to increase the capacity to 1920 MW.

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