NHAI awards Rs. 1,047-cr road contract

Adding to its project portfolio in the country’s road and highway sector, Sadbhav Infrastructure Project has managed to secure Rs. 1,047-cr road contract as the company has been declared the lowest bidder (L1) for a project in Gujarat. The project in question, which has been awarded by NHAI, is to be executed on Hybrid Annuity Mode involving scope of work for upgrading to 4 lanes the stretch of NH-41 to Anjar-Bhuj up to Airport junction of NH-341 with a total length of 59.54km, said an official spokesperson, adding that the company's portfolio consisted of total number of 18 projects, which includes 10 build operate and transfer (BOT) model and 7 are on Hybrid Annuity Mode as of quarter three of the 2018 financial year, which enabled the player to record a growth of around 11.7% year on year basis. It further expressed its optimism over the fact that as the Indian economy recovers, the road traffic is likely to register 10% CAGR during 2018-20 financial years, which in turn would further improve the prospects of garnering more projects in the road sector.