Sadbhav Infrastructure bags 2 road projects worth Rs 1,567.92 crore from NHAI

NEW DELHI: Sadbhav Infrastructure Project has bagged two road projects worth Rs 1,567.92 crore from NHAI in Gujarat and Andhra Pradesh.

"The company has received letter of award from National Highways Authority of India (NHAI) for new hybrid annuity project in Andhra Pradesh. Project bid price is Rs 520.3 crore," Sadbhav Infrastructure Project said in a BSE filing.

The project is for four lane connectivity to Visakhapatnam Port Road from 0.00 km to 12.700 km in Andhra Pradesh.

In a separate filing, the company said it has received letter of award from NHAI for new hybrid annuity project worth Rs 1,047.62 crore in Gujarat.

"The project is for upgradation to four lane with paved shoulder of Bhimasar Junction of NH-41 to Anjar- Bhuj up to Airport Junction from 0.00 km to 65.478 km of NH-341 in Gujarat," the company said.

Shares of the company were trading 1.15 per cent lower at Rs 124.50 on BSE.