Sadbhav Engineering gets Rs 457-cr order

Biggest of the two, worth Rs 428 cr, is from water resources depart of MP for executing the full canal network of Bahuti High Level Canal

Sadbhav Engineering today said it has been declared as the successful bidder for two water projects, cumulatively worth Rs 457 crore.

The biggest of the two, worth Rs 428 crore, is from water resources department of Madhya Pradesh for executing the full canal network of Bahuti High Level Canal from KM 18-KM 74, the Ahmedabad-based firm today said in a BSE filing.

The other order of Rs 28.92 crore is from the Gujarat government for improvement in KRBMC at Surat.

Shares of the company were trading at Rs 57.70, up 5.29% over the previous closing in the BSE.