Shares of Madhucon Projects may come under pressure following the World Bank debarring it from participating in projects aided by it for two years, reducing the initial period.

The World Bank has debarred it from participating in aided projects for three years due to alleged negligence of its project staff in the Lucknow-Muzzafarpur Highway project. After a personal hearing, the World Bank reduced the period of debarment to two years.

comment COMMENT NOW