Sadbhav Engineering emerges successful bidder for Rs 319 crore Maharashtra State Road Development Corporation project

NEW DELHI: Infrastructure developer Sadbhav Engineering today said it has emerged as the successful bidder for a Maharashtra State Road Development Corporation (MSRDC) project worth Rs 319 crore.

In a BSE filing,the Ahmedabad-based firm said the project would be executed through a joint venture with Hindustan Construction Company.

It will be to design, build and contract on lump sum basis construction of terminal facilities for passenger water transport along the west coast of Mumbai at Marve and Borivali.

Sadbhav would hold more than 51 per cent stake in the joint venture, it added.

In a separate filing, Sadbhav said it has bagged a Rs 33.55 crore project from Delhi Metro Rail Corporation.

This is for construction of boundary wall, box culvert and land development of Mukundpur depot on Mukundpur-Yamuna Vihar corridor.

Sadbhav's shares today settled at Rs 145.75 apiece at the BSE, up 3.41 per cent over the previous closing.