Ahmedabad-based Sadbhav Engineering Ltd has notified that the company has bagged two Road Projects worth Rs 477 crore from Jharkhand, Road Projects Implementation Company Ltd.

Under the first order, the company will do improvement works of Ranchi Ring Road (Section III Ch. Km 0.600 to Ch. Km 13.350 and Section IV Ch. Km 0.000 to Km 6.335) (19.085 Kms) in Jharkhand. The contract is valued at Rs 252 crore.

However, under the second contract, which is valued at Rs 225 core, the company will perform Improvement Works of Ranchi Ring Road (Section V Ch. Km 0.000 to Ch. Km 10.007 and Section VI Ch. Km 0.000 to Km 7.100) (17.107 Kms) in Jharkhand.

Sadbhav Engineering Limited, an infrastructure development and construction company, engages in building roads and highways, irrigation, mining operations and development, and the maintenance and operation of roads in India.

The scrip of the company is presently trading at Rs 830 on BSE, up 2% compared to previous close of Rs 815.