Sadbhav Engineering share price gains 3% on bagging Rs 780-crore metro rail contract

Sadbhav Engineering share price gains 3% on bagging Rs 780-crore metro rail contract

Sadbhav Engineering's share price gained over 3 percent after the company bagged a Rs 779.73-crore contract from Gujarat Metro Rail Corporation (GMRC).

The project includes the construction of an 11.6 km elevated viaduct from Kadarsha Ni Nal to Dream City deadend including a ramp for depot entry near Dream City and 10 stations for the Surat Metro Rail project.

The construction period will be 30 months from the date of issuance of the letter of acceptance, which is January 8.

At 1205 hours, Sadbhav Engineering was quoting at Rs 63.30, up to Rs 1.15, or 1.85 percent, on the BSE.