Madhucon to build power plant in AP

Mumbai: Infrastructure builder Madhucon Projects said it has bagged an order worth Rs 989.5 crore for setting up a thermal power plant at Nellore district in Andhra Pradesh. The plant is of 2x135 MW and the project is expected to be completed in 26 months.

Madhucon's energy division has also entered into a memorandum of understanding with Jharkhand State Government for setting up a 1,000 MW thermal power plant at a total cost of Rs 4,800 crore.

The company has also been awarded two hydel power projects by Arunachal Pradesh for setting up of a 165 MW and 150 MW in Etabu and Elango.

Madhucon's property division has also taken up a commercial venture consisting of hotel, shopping mall, office complex and cineplex at a total cost of Rs 900 crore.