Sadbhav Engg gets two construction orders

Mumbai: Infrastructure firm Sadbhav Engineering said it has received two orders worth Rs 219.92 crore for carring out construction related work.

The company said it has received a Rs 165.54 crore order from the Greater Visakhapatnam Municipal Corp, Visakhapatnam.

The company would execute the contracts in equal joint venture with Hyderabad-based GKC Projects, the filing said.

Further, the company has secured another contract for Rs 54.38 crore from Surat Municipal Corp for construction of cement concrete pavement and allied works, the company said.

Shares of the company closed at Rs 606, down 11.53 per cent on the BSE.