Sadbhav Infrastructure Project has been declared ‘L-1’ bidder by the National Highways Authority of India for a new hybrid annuity project in Karnataka. The project entails four-laning of the Tumkur-Shivamogga section. The construction period is 730 days from the appointed date and the operation period is 15 years from CoD. The stock of Sadbhav Infrastructure closed at ₹131.4, down 1.5 per cent over the previous day’s close on the NSE.
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