Sadbhav Engineering advanced over 2% and touched day’s high of Rs156.95, after the company receives order from NHAI worth Rs1220 crore, So far, 1703 shares have traded on the BSE as against the two-week average volume of 65044 shares.
Sadbhav Engineering said that the company received order worth Rs1,220 crore from NHAI for four-laning of the Solapur-Bijapur section of NH-13.
'Four laning of Solapur-Bijapur section of NH-13 from KM 0.00 to km 110.542 to be executed on BOT (Toll) basis, under NHDP Phase-III,' the Gujarat-based company said.
The company was declared winner to the bid invited by the National Highways Authority of India ( NHAI) for the project, it said.
'The estimated total cost of development of the said project stands at Rs 1,200 crore. The concession period of the project is 20 years from the appointed date,' it added.
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Sadbhav Engineering said that the company received order worth Rs1,220 crore from NHAI for four-laning of the Solapur-Bijapur section of NH-13.
'Four laning of Solapur-Bijapur section of NH-13 from KM 0.00 to km 110.542 to be executed on BOT (Toll) basis, under NHDP Phase-III,' the Gujarat-based company said.
The company was declared winner to the bid invited by the National Highways Authority of India ( NHAI) for the project, it said.
'The estimated total cost of development of the said project stands at Rs 1,200 crore. The concession period of the project is 20 years from the appointed date,' it added.
....more info