Sadbhav Engineering’s arm Sadbhav Infrastructure Project (SIPL) has entered into Memorandum of Understanding (MoU) for acquisition of 20% stake from JV Partner -- Patel Infrastructure -- in Ahmedabad Ring Road Infrastructure (ARRIL).
Upon completion of proposed acquisition, subject to signing of definitive transaction documents, receipt of approval from lenders and approval from AUDA, SIPL will hold 100% of the share capital in ARRIL.
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.
