Sadbhav Engineering has been declared the lowest bidder for 4-laning of NH-24 extension. In an interview to CNBC-TV18, Nitin Patel, ED of Sadbhav Engineering spoke at length about basic details.
CNBC TV18
@moneycontrolcom
Sadbhav Engineering has been declared the lowest bidder for 4-laning of NH-24 extension. In an interview to CNBC-TV18, Nitin Patel, ED of Sadbhav Engineering spoke at length about basic details.
Patel said that the order size is Rs 981 crore which is 9.46 percent above National Highways Authority of India’s (NHAI) estimated cost of Rs 896 crore.
He further said that the construction period for this project is three years and this is a pure engineering, procurement and construction (EPC) contract.
We have submitted 16 bids that are yet to be opened, he added.
For entire interview, watch accompanying video.
