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Sadbhav Engg bags INR 737 crore order from Karnataka Govt

<p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Ahmedabad based Sadbhav Engineering Ltd today said that the Karnataka Government has awarded the company an INR 737 crore road construction project.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">&ldquo;The company has received letter of award for design, build, finance, operate, maintain &amp; transfer the existing state highway (SH 33 &amp; SH 3) from Malavalli to Pavagada (approx length of 193.344 Km) in the state of Karnataka,&rdquo; the company informed in a filing to the stock exchanges.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">The estimated cost of the project is INR 737.20 crore with a concession period of 10 years, including a construction period of 30 months from the appointment date, the company said.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Source-On Request</span></span></span></p>