Sadbhav Infrastructure Project’s Wholly Owned Subsidiary (WOS) -- Vizag Port Road has executed Supplementary Agreement to Concession Agreement with National Highways Authority of India (NHAI) towards termination of Concession Agreement dated May 03, 2018 due to non-availability of required 80% of right of way by NHAI within stipulated time period. With this, Concession Agreement dated May 03, 2018 shall cease to be in existence and will be treated as terminated with mutual consent of the parties without any outstanding claims on each other.
Sadbhav Infrastructure Project is one of the leading road BOT companies in India that specializes in the development, operation and maintenance of highways, roads and related projects. The company, a subsidiary of Sadbhav Engineering (SEL), was incorporated in 2007 as a developer and operator for highways, road and related projects on a BOT basis.
