Sadbhav Engineering announced Monday the joint venture led by the company secured project worth Rs 4.54 billion from the ministry of road transport and highways state public works department B&R branch, government of Punjab.
The name joint venture is Sadbhav - PIPL JV. The company will lead the joint venture with 51% participation share. The contract period is for two years.
Shares of the company declined Rs 0.5, or 0.17%, to trade at Rs 287.50. The total volume of shares traded was 43,201 at the BSE (3.29 p.m., Monday).