Sadbhav Engineering surges as its arm gets provisional completion certificate for Deori and Muktainagar Check Post

25 Aug 2014

Sadbhav Engineering is currently trading at Rs. 214.85, up by 3.80 points or 1.80 % from its previous closing of Rs. 211.05 on the BSE.

The scrip opened at Rs. 212.00 and has touched a high and low of Rs. 222.20 and Rs. 209.00 respectively. So far 68189 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 229.80 on 19-Aug-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. 229.80 and Rs. 196.40 respectively. The current market cap of the company is Rs. 3325.77 crore.

The promoters holding in the company stood at 47.96 % while Institutions and Non-Institutions held 41.91 % and 10.14 % respectively.

Sadbhav Engineering’s step-down subsidiary Maharashtra Border Check Post Network (MBCPNL) has received provisional completion certificate for Deori Check Post NH-6 and Muktainagar Check Post on MSH-8 with effect from August 20, 2014.

With this, MBCPNL has received provisional/final completion certificate for 13 Check Posts out of which 9 Check Posts has started generating revenue.

MBCPNL is step-down subsidiary of Sadbhav Engineering and a Special Purpose Vehicle incorporated for the project of construction, operation and maintenance and modernisation and computerisation 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.

 

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