Sadbhav Engineering bags Rs 1,557-crore projects from NHAI

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New Delhi | Updated: August 10, 2015 4:44:13 PM

Sadbhav Engineering said it has won bids for two NHAI projects worth Rs 1,556.96 crore for development of a section of six-lane Eastern Peripheral Expressway in Haryana and Uttar Pradesh.

green plantingGiving details of the projects, Sadbhav Engineering said the first project is development of six-lane Eastern Peripheral Expressway (NH No. NE-II) in Haryana and Uttar Pradesh from 1km to 22km. (Photo: IE source)

Sadbhav Engineering on Monday said it has won bids for two NHAI projects worth Rs 1,556.96 crore for development of a section of six-lane Eastern Peripheral Expressway in Haryana and Uttar Pradesh.

“The company has been declared the successful bidder (L1) in respect of the bid invited by the National Highways Authority of India (NHAI) for the two projects in EPC mode for a continuous stretch of 45.50 km for aggregating value of Rs 1,556.96 crore,” Sadbhav Engineering said in a BSE filing.

Giving details of the projects, the company said the first project is development of six-lane Eastern Peripheral Expressway (NH No. NE-II) in Haryana and Uttar Pradesh from 1km to 22km.

The second is development of six-lane Eastern Peripheral Expressway (NH No. NE-II) in Uttar Pradesh from 44 km to 46.5 km.

The quoted price for both the projects is Rs 771.18 crore and Rs 785.78 crore, respectively, with construction period fixed at 2.5 years.

The share price of the company closed 3.69 per cent higher at Rs 346.70 on Monday.

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