MADHUCON PROJECTS Share price

Madhucon Projects is an existing profit making Companyengaged in Construction Activities. The Company wasoriginally incorporated on March 15th 1990 as MadhuContinental Constructions Private Limited and in the year1990 it took over the running constructIon business ofM//s Madho Constructions a partnership concern andexecuted projects on turnkey basis in different parts ofthe Country. From treditional business of bulidingconsauction the Company diversified into Coal HandlingPlants building of rail embankments bridges tunnals etc.The Company became a Deemed Pubilc Limited Company undersection 43(1)/(a) of the Companies Act 1956 in July 1994and subsequently the company was converted into publiclimited company on 27.3.95 in terms of special rasolvationpassed on 9/12/94 under section 31(1)/44 of the companiesAct 1966 Later on the name was changed to MadhuconProjects Limited vide fresh Ceritficate of Incorporationdated April 10th 1995.B.PRESENT BUSINESSThe Company is in the business of Construction activities.It undertakes and is specilised in Construction Engineeringand Turnkey Projects viz.* Deep Excavation* Heavy Rock Cuttings.* High Railway Embankments* Major Canals & Earthen Dams* Dykes*Coal Handling Plants*Heavy Workshops*Industrial Structures*Development of townships*Roads and concrete payements*Water supply and sewage disposal works*Ventilation and Pressurisation*Fabrication and equipment erection works.All the clients are Central or the State Govemments PublicSector Undertakings and other Government Companies.The Company was awarded the "Quality Construction Award''from Konkan Railway Corporation Ltd in the year 1994 forits "Outstanding Performance and Super QualityConstruction". The Company is currently implementing theSrisallam Right Bank Canal a World Bank Funded IrrigationProject valued at Rs. 2260 lacs in Nandyal Andhra Pradeshand also Rs. 2590 lacs Irrigation Project of Government ofMadhya Pradesh and Gauge Conversion Project of Rs. 404 lacsfor Giddalur-Nandyal Rail Track.The Company has obtained the following registrations:a. Registered Contractor in Unlimited Class Category withGovernment of India Undertakings.b. Registered Contractor in Unlimited Class Category withState Govemments of Andhra Pradesh Karnataka and MadhysPradesh.c. Registered Contractor in ''Special Class'' for thefollowing under- takings* Konkan Railway Corporation Ltd.*Coal India Ltd*South Eastern Coal fields Ltd.*Northern Coal Fields Ltd.*Madhys Pradesh Water Resource Department.*Indian Road Construction Corporation Ltd.*Mahanadi Coal Fields Ltd.*Engineers India Ltd.* Narmada Valley Development Authon.tv Ltd.*JaIagaon Municipal Corporation Ltd.*South Central RailwaysThe Company has also entered into Memorandum ofUnderstanding with Bina Puri Holdings BHD Malaysia forexecuting Highway Airport Constructions at the followingplaces:1. Construction of Modern Airport of InternationalStandards at Hyderabad & Visakapatnam onBuild-Oparate-Share and Transfer principle2.National Highway No.II in West Bengal.National Highway No. V & IX in Andhra PradeshNational Highway No. II. in Bihar.The Company has also entered into an understanding with M/sKilborn Canada for tendering and prequalification forsetting up of Coal Washery at Ananta - Bharatpur in Orissa andSasti in Maharashtrs.