Business Daily from THE HINDU group of publications
Friday, Aug 01, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, Aug 01, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate Results
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Real Estate & Construction Web Extras - Overseas Investments Madhucon net up 61% Our Bureau Hyderabad, July 31 Madhucon Projects Ltd’s net profit increased 61 per cent at Rs 14.8 crore in the first quarter ended June 30, 2008 compared with Rs 9.2 crore in the corresponding quarter of previous fiscal year. This was driven by increase in income from operations (turnover) which grew by 67 per cent at Rs 239.6 crore (Rs 143.6 crore). The earnings per share stood at Rs 16.04 (annualised) as against Rs 9.97 in the same quarter last year, according to a release.
The Hyderabad-based company’s Engineering, Procurement and Consulting (EPC) division operating in highways, irrigation and build-operate and transfer (BOT) project has a total order book position of over Rs 4,700 crore in 19 projects being implemented in various parts of the country. Its energy division had entered into a memorandum of understanding with Jharkhand Government for setting up a 1,000 MW thermal power plant at a cost of Rs 4,800 crore. It had also ventured into coal mine activities in Indonesia and is at present operating 3,200 ha of coal mine at East Kalimantan. A second coal mine of 19,000 ha is in the exploration stage in Indonesia, the release added. More Stories on : Real Estate & Construction | Overseas Investments
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