MoneyWorks4Me

Sadbhav Engineering’s JV bags contract worth Rs 150 crore from South West Mining

10 Jul 2014 Evaluate

Sadbhav Engineering’s Joint Venture (JV), Sadbhav - Vishnushiva, has been awarded the project/work by South West Mining. The contract is for hiring heavy earth moving equipments with operators, maintenance staff & facilities for excavation work at Kapurdi Lignite Mines located at Barmer in Rajasthan. The contract worth Rs 150 crore is for a period of 2 years and 9 months.

The company has got 75% participation share in the above JV. The contract period is extendable for further period of 10 years at option of South West Mining on the same price, terms and conditions. 

Sadbhav Engineering (SEL) is one of the largest BOT developers in the road sector in India with good project execution skills. SEL operates in the four distinct business areas in the infrastructure sector viz. BOT road projects, cash contract-based road projects, irrigation projects and mining.

Peers
Company Name CMP
Larsen & Toubro 3928.00
Kalpataru Projects 1412.20
NCC 136.00
Rail Vikas Nigam 211.60
KEC International 402.35
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