Madhucon Projects Limited has signed a concession agreement for national highway BOT (build-operate-transfer) road project between Karur and Dindigul in Tamil Nadu "� NH-7, with National Highways Authority of India (NHAI). | |
| The project involves designing, construction, development, operation and maintenance of 305.600 km to 373.275 km at a cost of Rs 360 crore with 20 years concession period and a positive grant of Rs 86 crore. The company has also received an in-principle sanction for term loan. |
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| Madhucon has been awarded four BOT national highway projects of 330 kilometres worth around Rs 1,800 crore, three in Tamil Nadu and one in Rajasthan with a total positive grant of Rs 410 crore, a media statement said. |
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| The company has already completed national highway to the extent of 360 kilometres. |
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