Madhucon Projects (Nama Nageswara Rao, Chairman & MD) announced that it has obtained a letter of award for order worth around Rs 12,000 crores from National Highway Authority of India (NHAI).
The order is for 4-laning of Barsasat-Krsihagar section of NH-34 (84 kms) in the state of West Bengal under National Highway Development Program (NHDP-III) on design, build, finance, operate and transfer (DBFOT) Annuity basis.
As per terms, Madhucon has to design, build, finance, operate and transfer (DBFOT) Annuity basis under NHDP-III for semi-annual annuity of Rs 739.8 million. The concession period is 17 years, including construction period of 910 days.
As on date, the company is having order on hand to the extent of Rs 41 billion and has been pre-qualified in number of EPC works over Rs 100 billion in irrigation, highways, railways, power projects and transmission line projects, etc.