Sadbhav Engg secures LoA from Guj Metro
Engineering construction company Sadbhav Engineering's joint venture received a Letter of Acceptance (LoA) from the Gujarat Metro Rail Corporation (GMRC) for a metro rail project worth Rs 779.73 crore.
The Surat Metro, Project Phase-1, Package-CS1 order is for 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 (Excluding Electrical and Mechanical works (E&M), architectural finishing and roofing). The construction period of the metro rail project will be 30 months from the date of issue of letter of acceptance, that is 8 January 2021.
The order will be executed by the Sadbhav Engineering (SEL)-S.P. Singla Constructions (SPSCPL) joint venture. SEL has a 74% stake in the joint venture.
SEL has been engaged in the construction and maintenance of roads and highways, and irrigation system (canal). The company also prepares sites for mining, including overburden removal and other development. The company's segments include EPC contracts and BOT (toll & annuity).