Sadbhav Engineering trades in green as its MBCPNL starts toll collection at Hadakhed, Omerga and Warud

28 Apr 2014

Sadbhav Engineering is currently trading at Rs. 136.35, up by 0.75 points or 0.55% from its previous closing of Rs. 135.60 on the BSE.

The scrip opened at Rs. 136.00 and has touched a high and low of Rs. 137.70 and Rs. 135.30 respectively. So far 9955 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 139.00 on 25-Apr-2014 and a 52 week low of Rs. 52.00 on 16-Sep-2013.

Last one week high and low of the scrip stood at Rs. 139.00 and Rs. 129.05 respectively. The current market cap of the company is Rs. 2069.72 crore.

The promoters holding in the company stood at 48.76% while Institutions and Non-Institutions held 42.91% and 8.33% respectively.

Sadbhav Engineering’s MBCPNL has commenced toll collection at Hadakhed (on NH3), Omerga (on NH9) and Warud (on SH244) with effect from April 27, 2014. In addition to this, MBCPNL currently collects revenue from 6 different Check Posts.

The company had incorporated Maharashtra Border Check Post Network (MBCPNL), step-down subsidiary of the company and a Special Purpose Vehicle (SPV) for the project of Construction, Operation and Maintenance and Modernization and Computerization of Integrated Border Check Posts at 22 locations in the state of Maharashtra on BOT basis for a concession period of 24 years and 6 months.

Sadbhav Engineering (SEL) is one of the largest BOT developers in the road sector in India with good project execution skills. SEL operates in the four distinct business areas in the infrastructure sector viz. BOT road projects, cash contract-based road projects, irrigation projects and mining.

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Sadbhav Engineering Share Price

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