CMP 223/ TARGET 265/STOPLOSS/213/PERIOD 3 MONTHS
Madhucon's Karur - Dindigul BOT National Highway project commencing collection of Toll Revenue from November 04, 2009
Madhucon's first BOT project namely Madhucon Agra-Jaipur Expressways Limited is collecting toll revenue since 08/05/2009 and as on 31/10/2009 it has collected toll revenue approximately of Rs 12.30 crores with an average of Rs 7 lakhs per day.Madhucon is also executing two more BOT National Highway projects between Trichy - Thanjavur at a cost of Rs 390 crores and between Marudai - Tuticorin at a cost of Rs 920 crores. The said projects are likely to be completed before the end of this Financial Year. With the completion of these two projects, Madhucon, as a develoepr would have constructed Km 320 of BOT National Highway projects.
Madhucon is setting up a Thermal Power Plant namely Simhapuri Energy Private Limited with an ultimate capacity of 1920 MW in 4 phases. Financial closure for the second phase is underway.
Madhucon's own mine in Indonesia in South Sumatra of 10000 Hectors is expected to commence production shortly.
Madhucon's subsidiary namely Nama Hotels Private Limited setting up a Four Star Hotel and Service Apartment at a cost of Rs 361 crores has achieved financial closure and the construction work has commenced.