Sadbhav Engineering bags Rs 1,620 cr order from Maharashtra State Road Development Corp

Sadbhav Engineering today said it has received a letter of acceptance (LOA) from the Maharashtra State Road Development Corporation for road project worth Rs 1,620 crore.

The order is for construction of access controlled Nagpur-Mumbai Super Communication Expressway (Maharastra Samruddhi Mahamarg) in Maharashtra in district Washim.

"The company has received Letter of Acceptance (LOA) from Maharashtra State Road Development Corpn. Ltd. (A Government of Maharashtra Undertaking) for the road project/work for a negotiated contract value of Rs 1,620 crore," Sadbhav Engineering said in a BSE filing.

In a separate filing, the company said it has also been declared the successful bidder (Ll) for other road and irrigation projects worth Rs 1,299.98 crore.

Shares of the company were trading 0.30 percent lower at Rs 280.25 apiece on the BSE.

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