Sadbhav Engineering Limited receives LOA from NHAI for 2 EPC road projects

Sadbhav Engineering Limited has received Letter of Acceptance "(LOA") from NHAI for the following 2 EPC road project/work for a contract value of Rs. 1572.30 Crores.

- Construction of Four Lane Expressway from Sardar Patel ring road to Sindhrej Village of Ahmedabad District from km 0 to km 22.000 of Ahmedabad-Dholera Greenfield Alignment (NH-751) on EPC Mode under Bharatmala (Package-I)- in the State of Gujarat on EPC Mode under under Bharatmala Pariyojana (Package-I). Contract value is Rs. 690.30 crores and construction period is 24 months.

- Construction of Four Lane Expressway from Sindhrej Village to Vejalka village of Ahmedabad District from km 22.000 to km 48.520 of Ahmedabad-Dholera Greenfield Alignment (NH-751) in the State of Gujarat on EPC Mode Under Bharatmala Pariyojana (Package-II). Contract value is Rs. 882 crores and construction period is 24 months.

Shares of SADBHAV ENGINEERING LTD. was last trading in BSE at Rs.49.2 as compared to the previous close of Rs. 49.8. The total number of shares traded during the day was 76333 in over 546 trades.

The stock hit an intraday high of Rs. 50.8 and intraday low of 48.75. The net turnover during the day was Rs. 3776752.

Source : Equity Bulls

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