The company has received letter of award from Public Works Department, Government of Maharashtra worth Rs 216,83,50,200.
The company has received LOA worth Rs 173.60 crore from MORTH on EPC mode.
In an interview to CNBC-TV18’s Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Prakash Diwan, Market Expert at Altamount Capital Management shared his reading and outlook on the market and also gave recommendations on various stocks.
Battling with delays in road highway projects dating back to 2011, the NHAI has decided to make the revival of 20 such languishing highway projects its priority.
In an interview with CNBC-TV18, Arundhati Bhattacharya said that banks loan growth is not solely dependent on capitalization but rather on acquiring good projects.
NHAI has seen bidding complete for 50 projects, awarded 11 and has invited 15 bids this financial year, says NHAI Chairman Raghav Chandra, adding, NHAI has a construction target of more than 10,000 km of roads for FY17.
The National Highways Authority of India (NHAI) has formulated a revival scheme for three national highway projects, sources say.
"Madhucon Group announced successful completion of strategic sale of its majority stake (74 percent) in Madhucon Agra-Jaipur Expressways to Cube Highways and Infrastructure," the Hyderabad-based infrastructure company said.
"The Madhucon Group announced the successful completion of the strategic sale of its majority stake (74 percent) in MAJEL to Cube Highways and Infrastructure," it said.
Larsen and Toubro | Wipro | Shilpa Medicare | Madhucon Projects | PTC Industries | Lux Industries | KCP | Vedanta | Cairn India | Rayalseema Alkalies | Microsec Financial | Supreme Infra | Kaveri Seed and Tata Sponge are stocks, which are in the news today.
The remark assumes significance as 14 projects worth Rs 30,000 crore are still stuck despite a marathon meeting of bankers and developers last week to arrive at a solution and with some of these facing termination.
The meeting assumes significance as the government after a series of meetings with bankers and developers had resolved issues pertaining to 58 projects but 20 projects worth over Rs 20,000 crore are still stuck.
Bharti Airtel | Vedanta | Cairn India | HDFC | Godrej Consumer Products | Asian Paints | L&T Finance Holdings | Thomas Cook | Force Motors | Deep Industries | IIFL Holdings | Bayer Crop | Vindhya Telelinks | Madhucon Projects | Ashoka Buildcon | Omkar Speciality | GSFC and Rallis India are stocks, which will be in the news on Monday.
The company said the transaction is subject to closing adjustments and regulatory approvals and includes operational grants for the entire major maintenance period.
In an interview to CNBC-TV18, Siddharth Bhamre of Angel Broking and Prakash Diwan of Altamount Capital Management share their views on the market and select stocks.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Crompton Greaves, Cairn India, Cera Sanitaryware, Somany Ceramics, HSIL, Kajaria Ceramics, Symphony, Advanta, Titagarh Wagons, Maxwell Ind, Madhucon Proj, Sparc, HDIL and Wockhardt.
Watch the interview of Prakash Diwan of Altamount Capital Management with Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Prakash Diwan of Altamount Capital Management recommends accumulating J Kumar Infraprojects.
KKVN Prasad, Director, Madhucon Projects talks to CNBC-TV18 about the recent project win from NHAI and how the company plans to execute the order. Prasad said the company's ordebook stands at Rs 6400 crore, 50 percent of which comprise road projects.
Tata Motors | Jindal Steel | Wipro | Ambuja Cements | DLF | Bhushan Steel | Infosys | Wockhardt | Granules India | Future Consumer Enterprise | Autolite | Madhucon Projects | PFC | YES Bank | Shasun Pharm | TCS | Sesa Sterlite | MTNL | HMT and Aarti Drugs are stocks, which are in the news today.