Madhucon Projects bags project from NHAI for Trichy- Thanjavur Expressways and Madurai- Tuticorin Expressways

Madhucon Projects has received a letter of award from National Highway Authority of India (NHAI) worth Rs. 73.98 crore for 4-laning of Barsasat- Krishnagar section of NH 34 from Km 31 to Km 115 in the State of West Bengal under National Highway development programme (NHDP-III) on design, build, finance, operate and transfer basis (DBFOT) on annuity basis. The concession period is 17 years including construction period of 910 days.

The company is having 6 BOT toll and annuity projects under its BOT portfolio. The two toll road projects namely Madhucon Agra- Jaipur Expressways and TN (DK) Expressways are operational and two BOT toll road projects namely Trichy- Thanjavur Expressways and Madurai- Tuticorin Expressways are expected to commence toll before the end of February 2011.

The company made this announcement during the trading hours today, 23 February 2011.