The company has been declared lowest bidder for the project of four lane connectivity to Vishakhapatnam port road in Andhra Pradesh under port connectivity under Bharatmala pariyojana on hybrid annuity mode.
Shares of Sadbhav Infrastructure Projects rose 3.2 percent intraday Wednesday as it has bagged order worth Rs 520 crore.
The company has been declared lowest bidder for the project of four lane connectivity to Vishakhapatnam port road in Andhra Pradesh under port connectivity under Bharatmala pariyojana on hybrid annuity mode.
The construction period is 550 days from the appointment date and operation period is 15 years.
At 13:43 hrs Sadbhav Infrastructure Projects was quoting at Rs 137.50, up Rs 3.15, or 2.34 percent.
The share touched its 52-week high Rs 157.50 and 52-week low Rs 89.65 on 11 January, 2018 and 27 September, 2017, respectively.
Currently, it is trading 12.7 percent below its 52-week high and 53.37 percent above its 52-week low.
The share price increased by 46 percent in the last one year.
Posted by Rakesh Patil
