Ahmedabad-based Sadbhav Engineering has informed that its joint venture has won an order worth Rs 1571 crore from Maharashtra State Road Development Corporation for modernization and computerization of integrated border check posts at 22 locations in Maharashtra.

The project will be build on Build Operate and Transfer Basis in the name of Joint Venture known as 'Sadbhav - SREI- SREI Sahaj Consortium' in the ratio of 51:39:10 respectively.

The project has concession period of 24 years six months inclusive of construction period of 18 months.

The scrip of the company slipped 4.07 per cent to Rs 287.70 at the close of Monday's trading with over 2,000 shares changing hands on the BSE.