Hyderabad-based Madhucon Projects plans to raise about Rs 1,300 crore by selling stakes in its highway and power projects in five to six months. The company considers diluting 26 per cent and 20 per cent in its road holding company and its 1,920 MW thermal power project at Nellore in Andhra Pradesh, respectively. The company is planning to form a holding company for roads now that it has seven roads.
FlashNews:
IndiGo Raises Fares as ATF Costs Surge
India Becomes Veolia Foundationâs Regional Emergency Response Hub for Asia-Pacific
Airtel Business Unveils IQ Gateway to Secure Enterprise Messaging at Scale
POWERGRID Veteran Akhilesh Pathak Takes Charge as Director Projects
India Rolls Out $28 Billion GOBARdhan Biogas Plan to Cut Imports, Boost Rural Economy
Indiaâs Civil Aviation Demand is Outpacing Supply: Kinjarapu Ram Mohan Naidu
INDIAâS INFRA STORY IS SHIFTING TRACKS
Indiaâs Green Hydrogen Mission Chief Urges Industry to Back Emerging Ecosystem
Global Trust as Essential as Scale in Green Hydrogen: Pralhad Joshi
Evolving Customer Needs Reshape Indiaâs Aluminium Market, Says RUSAL
Delhi Airport Strengthens Global Hub Position with 160 Destinations
SDHI Doubles Workforce, Targets 550 More Hires by FY2027
RITES, NHIDCL Partner to Boost Highway Development in Strategic Regions
SDLG India Commits âđ15 Billion to Expand Manufacturing and Localisation
Airtel Cloud Signs 40 Clients as Manufacturing Fuels India Growth
NTPC Cancels Mouda BESS Contract, Moves to Retender After GRIL Default
Cummins India Launches NextâGen Power and Lifecycle Solutions for Emerging Infrastructure Demand
Ascenso Invests $100 Million to Build Giant Radial Mining Tyres in India
JCB India Launches 10 New Machines at Bauma Conexpo 2026
Home » Madhucon to sell power, road projects
Madhucon to sell power, road projects
Roads & Highways
July 1, 2011July 1, 2011
Leave a Reply
You must be logged in to post a comment.