Madhucon Projects has received a letter of award (LoA) from Public Works Department Government of Maharashtra for the upgradation of NH-353, starting from Wadi Connecting to Hiongna T point Isasani- Mihan-outer Ring Road, Gumgaon-Salaidhabha-Butibori MIDC-Takalghat-Khapri Moreshwar, Asola Sindi Railway, Panwar to Two Lane with paved shoulder configuration in Section from Wadi Junction to Asola Junction in the State of Maharashtra, for a contract price of Rs 2.16 billion.

Total volume of shares traded on the bourses today was higher by 47.46% to 609,838 compared with 22-day average volume of 413,573.

Shares of the company gained Rs 2.25, or 5.91%, to trade at Rs 40.30. The total volume of shares traded was 119,206 at the BSE (2.43 p.m., Thursday).