Mumbai: Sadbhav Engineering on Tuesday said it has bagged a Rs 1,220 crore order from NHAI for four-laning of the Solapur-Bijapur section of NH-13.
"Four laning of Solapur-Bijapur section of NH-13 from KM 0.00 to km 110.542 to be executed on BOT (Toll) basis...under NHDP Phase-III," the Gujarat-based company said in a filing to the BSE.
The company was declared winner to the bid invited by the National Highways Authority of India (NHAI) for the project, it said.
"The estimated total cost of development of the said project stands at Rs 1,200 crore. The concession period of the project is 20 years from the appointed date," it added.
The scrips of the company were trading at Rs 154 apiece at the BSE during afternoon trade, up 3.77 percent over the previous day's closing.