Sadbhav Engineering bags project from NHAI
Sadbhav Engineering today said it has bagged a road project from the National Highways Authority of India (NHAI).
"The proposed total cost of development of the project stands at Rs 1,350 crore," Sadbhav Engineering said in a statement to the National Stock Exchange (NSE).
The scope of the road project includes four-laning of Rohtak to Panipat section of National Highway-71A in Haryana on BOT (build-operate-transfer) basis.
The concession period of the project is twenty-five years that includes construction period of 910 days from the appointed date, it added.
Yesterday, the construction firm said it has bagged an order worth Rs 490 crore from NHAI for four-laning of highway in Hyderabad.
Shares of Sadbhav Engineering were trading at Rs 1,251.10, up 2.74 per cent in afternoon trade on the NSE.