Sadbhav Infra decares L1 for Rs 1,000 crore for NHAI project

Sadbhav Infra decares L1 for Rs 1,000 crore for NHAI project

L1 for about Rs 1,000 crore has been declared by Sadbhav Infrastructure Projects, for a project coming in from National Highways Authority of India (NHAI).

In an interview to CNBC-TV18, the company’s director Nitin Patel spoke about the firms order book post L1 for 4-laning project.

“With this project, Sadbhav Infrastructure will make almost around 17-18 percent internal rate of return (IRR) on net equity and order book will now be at Rs 9,400 crore post L1 for 4-laning project”, he said.

He also shared details about company’s plans to invest around Rs 135 crore in 4-laning project in Maharashtra.

Image credit : news.moneycontrol.com

Author: Research Desk