Sadbhav Engineering Limited has informed the Exchange that the Company has been declared the successful bidder in respect of the bid invited by Maharashtra State Road Development Corporation (MSRDC) Mumbai for accepted contract amount of Rs. 319.00 crores in joint venture with Hindustan Construction Company Limited (HCC)- Mumbai in respect of following project : "Design, Build, Contract on lump sum basis for construction of terminal facilities for passenger water transport along west coast of Mumbai at Marve and Borivali (Package WWT-3)". Company will lead the joint venture with more than 51% participation share.