Madhucon Projects Limited has posted a lower net profit of Rs 7.02 crore for the first quarter ended June 30, 2012 as against Rs. 7.96 crore it logged for the corresponding quarter last year.
The company’s revenue for the first quarter was, however, up by 2 per cent at Rs 336.15 crore (Rs 329.22 crore).
The Hyderabad-based infrastructure company, which is into EPC contracts, road development through its subsidiary Madhucon Infra Limited, and executing thermal power project through another subsidiary Simhapuri Energy Private Limited, currently has an order book of Rs 6,300 crore.
It is prequalified for EPC works of over Rs 20,000 crore in irrigation, highways and other sectors.
COAL PRODUCTION
PT Madhucon Indonesia, a subsidiary of company with rights for three coal assets in Indonesia, has commenced production in one of the mines at Dewas located in Sumatra. This mine has a monthly target of 20,000 tonnes.
During the quarter, the company commissioned phase I of 300 MW of the 1,920-MW Simhapuri power plant coming up in Nellore district of Andhra Pradesh.
Two more units of 150 MW each are likely to be commissioned during the year, taking the installed capacity to 600 MW.