Sadbhav Infra wins highway project in Rajasthan; gains 3%

A labourer works at the construction site of the Delhi-Jaipur national highway in Manesar in the northern state of Haryana, India, July 9, 2015. To match insight INDIA-INFRASCTRUCTURE/ REUTERS/Adnan Abidi - RTX1KM9A

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Shares of Sadbhav Infrastructure Projects gained 3 percent intraday Monday as it has declared lowest bidder for a highway project from National Highway Authority in India (NHAI).

The project includes six lane of greenfield proposed Udaipur bypass on hybrid annuity mode, package-IV under NHDP phase V in the state of Rajasthan.

The bid project cost is Rs 891 crore.

The construction period of said project is 730 days from the date of appointment and operation period is 15 years from CoD.

At 13:38 hrs Sadbhav Infrastructure Projects was quoting at Rs 102.55, up Rs 1.55, or 1.53 percent on the BSE.

The share touched its 52-week high Rs 120.40 and 52-week low Rs 92 on 22 September, 2016 and 27 February, 2017, respectively.

Posted by Rakesh Patil