TN (DK) Expressways promoted by
Madhucon Projects bagged a contract worth Rs.360 crore from National Highways
Authority of India for the 67.68 km stretch between Karur and Dindigul in Tamil
Nadu on BOT basis.
The scope of work includes design,
construction, development, operation and maintenance from KM 305.600 to KM
373.275 on NH 7. The project involves a positive grant of Rs.86 crore with a
concession period of 20 years. The company has achieved financial closure for
the project.
The project is part of NHDP-II
(North-South East-West Corridor). SREI International Finance has partnered
Madhucon Projects in TN (DK) Expressways Ltd.
The
company's order book position in highways, toll roads, irrigation projects,
flyover Projects and residential cum commercial and railway projects is over
Rs.5,000 crore, according to a company statement.
Also See:
Madhucon bags
longest project under NHDP (19-Jul-06)
Related Links:
Project
profile