Sadbhav Engineering-led JV bags Rs. 454-cr road proj in Punjab.

A Sadbhav Engineering-led JV said it has bagged a road project worth Rs. 454 crore from the Punjab government.

'Joint venture led by the company has been awarded the project/work by the Ministry of Road Transport & Highways State Public Works Department B&R Branch, Government of Punjab, in the name of Joint Venture known as 'Sadbhav-PIPL JV',' Sadbhav Engineering Ltd said in a regulatory filing.
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The project is for development of four lanes 'with paved side shoulders of Tapa to Bhatinda section of NH-64...In Punjab on engineering, procurement and construction mode,' it said.

The construction period of the project is two years, it added.

'Company will lead the joint venture with 51 per cent participation share,' it said.

BS