Hyderabad-based Madhucon Projects has informed that its joint venture (JV) has secured an order worth USD 3.9 million from department of roads, government of Nepal.

The scope of work includes upgradation of Sanfebagar – Martadi road under road improvement project scheme funded by Exim Bank of India.

Madhucon Projects limited operates as an engineering construction company in India. At present, the company has a order book of Rs 4600 crore for road, irrigation, residential, commercial and power projects,

Shares of the company declined Rs 10.3, or 3.94%, to settle at Rs 251.45 on BSE. The counter has made 52-week-high and low of Rs 275 and 42 respectively.