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Madhucon Projects Ltd.

BSE: 531497 Sector: Infrastructure
NSE: MADHUCON ISIN Code: INE378D01032
BSE LIVE 11:39 | 20 Sep 30.00 -1.10
(-3.54%)
OPEN

31.00

HIGH

31.00

LOW

29.75

NSE 11:23 | 20 Sep 29.90 -1.10
(-3.55%)
OPEN

31.05

HIGH

31.40

LOW

29.80

OPEN 31.00
PREVIOUS CLOSE 31.10
VOLUME 25841
52-Week high 65.40
52-Week low 24.90
P/E 7.71
Mkt Cap.(Rs cr) 221
Buy Price 29.80
Buy Qty 151.00
Sell Price 30.00
Sell Qty 540.00
OPEN 31.00
CLOSE 31.10
VOLUME 25841
52-Week high 65.40
52-Week low 24.90
P/E 7.71
Mkt Cap.(Rs cr) 221
Buy Price 29.80
Buy Qty 151.00
Sell Price 30.00
Sell Qty 540.00

Madhucon Projects Ltd. (MADHUCON) - Chairman Speech

Company chairman speech

MADHUCON PROJECTS LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT Dear Shareholders, Your company, during the Financial Year 2008-09 has surpassed the major milestone of Rs.1000 Crores in revenue, with improved net profit. At the end of 2008-09 your company's order book position stands at Rs.5300 Crores which would translate into improved performance in revenue and profit for the Financial Year 2009-10. Inspite of deteriorating global economic condition and ever threatening financial meltdown in 2008-09, the resilient Indian economy could witness a GDP growth rate of 6.7%. The infrastructure projects continue to get fillip from the Government in the form of ambitious investment plan of 65% of the total capital budgeted over the next five years in the sectors of Roads, Power, Ports, Airports, Railways and Mining and are adequately supported by the private sector by their participation in infrastructure development. Your company is well poised to gain from the favourable infrastructure development taking place in different sectors and would pave the way for substantial growth of the company. Your company's strategic decision in reorganizing the business models to create value and assets for the shareholders has paid rich dividends. Your company is successful in creating assets in BOT Roads, Power, Coal Mine and Real Estate in the shape of Hotel, Mall and Office complex. Your company has commissioned one BOT NHAI road project viz., Madhucon Agra - Jaipur Expressways Limited to commercial operation. Other 3 BOT Highway projects are expected to be commissioned before the end of this Financial Year. Your company hopes to earn a total toll revenue of approximately Rs.60 Lakhs per day, once all the 4 BOT projects are commissioned. Projects under the EPC divisions such as Irrigation, National and State Highways are progressing satisfactorily. The first phase of 540 MW Thermal Power Plant at Krishnapatnam is progressing well. Your company has increased Equity participation in the Power project to 74% and is planning to increase the capacity to 1600 MW. Feasibility report in this respect is under preparation. Your company has achieved Financial Closure of the four star hotel project being planned in Hyderabad with service apartments and the construction shall be commencing shortly, along with the office complex. Your company's coal mining project in Indonesia is progressing well and during the Financial Year 2009-10, the coal production and commercial operations shall commence. With the onset of stability in the Indian economy, the thrust given by the Government towards infrastructure development and improved business environment, your company will have a greater role and opportunity to play as a major player in the infrastructure development of the country. I wish to express my sincere gratitude and appreciation for the strong commitment shown by the employees in achieving the growth of the organization. I thank the customers, banks, business associates and above all, our shareholders for their continuous support to and faith in the Company. N. Nageswar Rao Chairman