The first project amounting to Rs690.30cr will span a length of 22km. It is for the construction of four lane expressway from Sardar Patel ring road to SIndhrej Village of Ahmedabad district from km 0 to km 22 of Ahmedabad-Dholera Greenfield Alignment (NH-751). The project will be completed on EPC mode under Bharatmala Pariyojana in Gujarat. The construction period for the project is 24 months.
The second project is also to be constructed in Gujarat within a timeframe of 24 months. This project will be 26.52km long taking the total length of both projects to 48.52km. Amounting to Rs882.00cr, this will require the construction of four lane expressway from SIndhrej Village to Vejalka Village in Ahmedabad district from km 22 to km 48.52 of Ahmedabad-Dholera Greenfield Alignment (NH-751) in Gujarat. This too shall be constructed on EPC mode under the Bharatmala Pariyojana.
The construction period of both road projects will be 24 months from the appointed date, said the company.
Sadbhav Engineering Ltd was trading at Rs50.50 per piece up by Rs1.3 or 2.64% from its previous closing of Rs49.20 on the BSE, at around 12.50pm . The scrip opened at Rs49.30 and touched a high and low of Rs51.10 and Rs48.45 respectively.