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Sadbhav Engineering JV declared L1 bidder for GMRC metro rail project

Sadbhav Engineering has been declared as lowest bidder by Gujarat Metro Rail Corporation (GMRC) for the following Metro Rail project: Construction of 11.6 K. M. Elevated 11.6 805.15 779.73 30 Months Viaduct from Kadarsha Ni Nal to Dream City Dead End Including Ramp for Depot entry near Dream City and 10 Stations (Excl. E&M, Architectural Finishing and Roofing) for Surat Metro Rail Project Phase-1, Package-CS1 in the name of SEL-SPSCPL Joint Venture (Sadbhav Engineering - 74% & S. P. Singla Constructions - 26%). The bid project cost is Rs 779.73 crore. The construction period is 30 months. Letter of Award is expected to receive soon from Gujarat Metro Rail Corporation (GMRC).

Market Movers: HCL Tech, Tech Mahindra, Infosys rally up to 5%; 17 stocks flash buy signal

Market Movers: HCL Tech, Tech Mahindra, Infosys rally up to 5%; 17 stocks flash ‘buy’ signal Synopsis As many as 25 components in the Sensex pack ended the day in green with HCL Technologies gaining the most. Shutterstock.com In the broader market, the BSE Smallcap and Midcap indices underperformed largecaps. NEW DELHI: Shares of Shipping Corporation of India got traction on Tuesday after reports that the government has invited bids for privatising the state-run company this week. On the other hand, midcaps managed to outpace smallcaps and largecaps in the broader market. Overall, the benchmark equity indices resumed their upward journey due to buying in IT, banking, engineering and telecom counters. The 30-share BSE Sensex closed nearly 453 points, or 0.99 per cent, up at 46,006. Similarly, the NSE Nifty index gained 138 points, or 1.03 per cent, to 13,466.

Gainers & Losers: 10 Stocks That Moved The Most On December 22

Gainers & Losers: 10 Stocks That Moved The Most On December 22
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