Sadbhav Eng up 3.5%

Sadbhav Engineering is in the limelight today, rising 3.5% to Rs.64.20. Its 20% UC of the day stands at Rs.74.45.

The stock price has gone up after the company said that it had bagged a Rs.780 crore contract from Gujarat Metro Rail Corporation (GMRC).

The project includes construction of 11.6 km elevated viaduct from Kadarsha Ni Nal to Dream City dead end including a ramp for depot entry near Dream City. It also includes 10 stations for Surat Metro Rail project.

The duration of the construction period if 30 months from date of issuance of letter of acceptance – 8th Jan.