Sadbhav Engineering Ltd has announced that the Consortium led by the Company has been awarded the project “4 laning of Bijapur – Hungund Section of NH-13 from km 102.000 to km 202.000 in the state of Karnataka on Design, Build, Finance, Operate and Transfer (“DBFOT”), Toll basis under NHDP Phase-III (Package No. NHDP-III/BOT/KNT/05)” from The General Manager (Tech), National Highways Authority of India (Ministry of Road Transport and Highways) G-5&6, Sector-10, Dwarka, New Delhi-l10075 in the name of Joint Venture known as ‘SEL-MCL Consortium’ in the ratio of 77:23 respectively.

The proposed total cost of development of the said project stands at Rs. 1225.00 Crores. The Concession Period of the project is 20 (twenty) years including construction period of 910 Nine Hundred and Ten) days from the “Appointed Date”.

The stock was trading at Rs.1245, up by Rs.37.25 or 3.08%. The stock hit an intraday high of Rs.1294.80 and low of Rs.1215.

The total traded quantity was 5230 compared to 2 week average of 1222.

Source: Equity Bulls