Sadbhav Engineering gets LOA for Rs 779.73 crore works of Surat Metro rail project
January 12, 2021
Gandhinagar: Sadbhav Engineering has announced that it has bagged a Rs 779.73 crore contract for a Metro Railway Project from Gujarat Metro Rail Corporation (GMRC). The project includes the 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 and 10 stations for Surat Metro Rail project.
Sadbhav Engineering in a regulatory filing said, “We are pleased to inform you that the Company has received Letter of Acceptance (“LOA”) from GMRC for the following for Metro Rail Project for a contract value of Rs 779.73 Crores.” It added, the projects include, “Construction of 11.6 km elevated Viaduct from Kadarsha Ni Nal to Dream City Dead End Including Ramp for Depot entry near Dream City and 10 Stations (Excluding E&M, Architectural Finishing and Roofing) for Surat Metro Rail Project Phase-1, Package-CS1″ in the name of SEL-SPSCPL Joint Venture.”
The construction period of Metro Rail Project will be 30 months from date of issue of Letter of Acceptance, i.e. January 1, 2021.
Sadbhav Engineering was declared lowest bidder by GMRC for the metro rail project for the section from Kadarsha Ni Nal to Dream City Dead End Including Ramp for Depot entry near Dream City and 10 Stations on December 22, 2020. At 14.16 hours, Sadbhav Engineering was quoting at Rs 63.20, up Rs 1.15, or 1.85 per cent, on the BSE. The share touched its 52-week high of Rs 142 on January 20, 2020, and a 52-week low of Rs 23.40 on April 9, 2020.
Related Stories
Loan agreements for Rs. 3,464 crore signed for Surat Metro Rail Project-1
MoU signed for € 250 Million French funding to Surat Metro rail project
Details of Surat Metro Rail Project
PM Modi performs Bhoomi Poojan of Ahmedabad Metro Project Phase 2 and Surat Metro Project
Details of Ahmedabad - Gandhinagar Metro Rail Project Phase-II and Surat Metro Rail Project ahead of Shilanyas by PM Modi
PM Modi to e-dedicate two development projects, perform e-Shilanyas for other two in Gujarat later this month
MS Patel appointed Executive Director for Surat Metro Rail Project
Works for Surat Metro rail project to start in June 2020: Gujarat govt.
Surat Metro Rail Project: German bank delegation visits the city, holds meeting with SMC
Centre approves Surat Metro Rail project; PM likely to launch it via video conferencing
Surat Metro Rail Project DPR approved at PIB Delhi
Gujarat govt approves DPR for Surat Metro Rail Project
Two corridors of Surat Metro rail get Gujarat govt approval
Latest development in Surat Metro train project
Surat one step closer to Metro Train project
Narendra Modi announces state's approval to Surat Metro train project
Recent Stories
- 9 wind speed monitoring systems to be installed in Gujarat for bullet train project
- Out on bail, Jaysukh Patel not allowed to enter Morbi
- Two migrant workers held for rape and murder of 11-year-old girl in Surat
- Meghraj observes bandh against withdrawal of BJP ticket to Bikhaji Thakor; Patil holds meeting
- BJP announces candidates for five-seat Gujarat Assembly by-polls
- AIMIM to contest Lok Sabha polls from Gandhinagar and Bharuch seats
- RTI activist booked for extortion in Chhota Udepur