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Update at 1520 hrs (IST)


Corporate
Sadbhav Engineering bags Rs 1,225 cr road project

MUMBAI: Construction firm Sadbhav Engineering said on Tuesday it has bagged a road project worth Rs 1,225 crore in Karnataka from the National Highways Authority of India (NHAI).

A consortium led by the company has bagged a four-laning project in Karnataka, Sadbhav Engineering said in a filing to the Bombay Stock Exchange (BSE). The concession period of the project is 20 years, the filing said.

Sadbhav Engineering holds 77 per cent stake in SEL-MCL Consortium, which has bagged the contract.

Shares of Sadbhav Engineering were trading at Rs 1,220 on the BSE, up 1.01 per cent from previous close. - PTI

Prev: Rupee up 6 p at 46.75/dollar
Next: GMR consortium bags Rs 1,700-cr road project


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