The company made the announcement during trading hours today, 27 June 2012.

Meanwhile, the BSE Sensex was up 82.61 points or 0.49% to 16,989.19.

On BSE, 31,941 shares were traded in the counter as against average daily volume of 30,658 shares in the past one quarter.

The stock hit a high of Rs 147.40 and a low of Rs 143 so far during the day. The stock had hit a 52-week high of Rs 161 on 30 March 2012. The stock had hit a 52-week low of Rs 94 on 30 December 2011.

The stock had outperformed the market over the past one month till 26 June 2012, surging 13.9% compared with the Sensex's 4.25% rise. The scrip had, however, underperformed the market in past one quarter, falling 5.02% as against Sensex's 0.86% decline.

The small-cap company has an equity capital of Rs 15.04 crore. Face value per share is Re 1.

Sadbhav Engineering said a joint venture (JV) of the company with Hindustan Construction Company has been declared successful bidder for a contract worth Rs 319 crore. Sadbhav Engineering has more than 51% participating interest in this JV. The contract is for construction of terminal facilities for passenger water transport along west coast of Mumbai at Marve and Borivali.

Separately, Sadbhav Engineering also said that the company has bagged an order worth Rs 33.55 crore from Delhi Metro Rail Corporation for construction of boundary wall, box culvert and land development of Mukundpur depot on Mukundpur-Yamuna Vihar corridor (line-7) of phase-III Delhi MRTS.

Sadbhav Engineering's net profit fell 13% to Rs 46.91 crore on 13.6% decline in net sales to Rs 904.58 crore in Q4 March 2012 over Q4 March 2011.

Sadbhav Engineering is a construction firm with focus on road, irrigation and mining projects.