Sadbhav Eng grabs Rs 212 cr highways project in Rajasthan
The infrastructure company, Sadbhav Engineering informs that it has bagged a project from NHIA for development of highways. The company also informed that it is a successful bidder by National Highways Authority of India (NHAI) for the development of Jodhpur- Barmer Section of NH-112.
This project comes under the National Highway Development Project (NHDP) and in this project phase 4 is to be built under the engineering, procurement and construction mode.
The company also added that the cost of this project is Rs 212.40 crore and the time period for the development is 2.5 years from the date of allotment of project. The company pointed out that the maintenance period of this project is for 48 months.
The company’s shares closed at Rs 94.30 with the increase of 3.85 percent on BSE.
Source: The Business Standard
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