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

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