Sadbhav Engineering receives LoA for Rs. 1,620 crore project

The company has received Letter of Acceptance from Maharashtra State Road Development Corporation for construction of a section of access controlled super expressway from Nagpur-Mumbai. The company is also declared L1 for three other projects in Delhi and Karnataka.

Sadbhav Engineering has received LoA for construction of access controlled Super Expressway connecting the two cities Nagpur and Mumbai (Maharastra Samruddhi Mahamarg) for Rs. 1,620.00 crore. It is an EPC mode contract for package 5, from 217.02 to 259.90 Km, in District Washim. The construction period is 2.5 years and maintenance is for 4 years.

While the three lowest bidder status projects include construction of elevated viaduct and two elevated RRTS Stations for Delhi-Meerut Regional Rapid Transit System (RRTS) from Sahibabad Station to Ghaziabad Station corridor for Package-1 by the National Capital Region Transport Corporation, 7.5 km at a bid cost of Rs. 542.49 crore. The second project is for the construction of elevated viaduct from Ghaziabad RRTS Station up to EPE crossing and two elevated RRTS Stations Guldhar and Duhai for Delhi-Meerut RRTS Corridor for Package-2, 9.17 km at a bid cost of Rs. 610.38.

The third project is Chitradurga Branch Canal project from Visvesvaraya Jala Nigam, Karnataka estimated cost 147.11 crore, bid at Rs. 197.87 crore

Reacting to this news, at 14:23 hours, the stock of Sadbhav Engineering Limited was trading at Rs. 282.00 per share, up by 0.32 per cent on Friday. While the benchmark index BSE Sensex was at 38,642.37, down by 47.73 points or 0.12 per cent.