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Sadbhav Eng Emerges Lowest Bidder in NHAI Tender

  • Sadbhav Engineering has been declared as the lowest bidder (L1) by National Highways Authority of India (Ministry of Road Transport and Highways) in Dwarka, New Delhi for the project-four laning of Gomati ka Chauraha - Udaipur section of NH-8 (from Km 177/000 to Km 260/100) in the state of Rajasthan under NHDP Phase IV on Design, Build, Finance, Operate and Transfer (toll) basis.

  • The estimated total cost of development of the said project stands at Rs. 12.8 billion. The concession period of the project is 27 years from appointed date.Shares of the company declined Rs 3.4, or 2.46%, to settle at Rs 134.85. The total volume of shares traded was 38,705 at the BSE (Wednesday).

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