Sadbhav Engineering jumps on emerging as lowest bidder by Bharat Coking Coal

18 Jan 2012

Sadbhav Engineering is currently trading at Rs. 115.00, up by 2.60 points or 2.31% from its previous closing of Rs. 112.40 on the BSE.

The scrip opened at Rs. 112.70 and has touched a high and low of Rs. 118.60 and Rs. 111.30 respectively. So far 25570 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 154.40 on 25-Apr-2011 and a 52 week low of Rs. 93.70 on 10-Feb-2011.

Last one week high and low of the scrip stood at Rs. 118.60 and Rs. 100.55 respectively. The current market cap of the company is Rs. 1672.66 crore.

The promoters holding in the company stood at 47.46% while Institutions and Non-Institutions held 38.98% and 13.56% respectively.

Sadbhav Engineering has been declared as the lowest bidder (L1) in respect of the bid invited by Coal India's subsidiary - Bharat Coking Coal, for the work amounting to Rs 325.32 crore.

The work order for which bid was invited includes hiring of HEMM for removal of OB, extraction and transportation of coal from VIII, V/VI (Top), V/VI (Bot), IV (Top), IV (Bot), III, II (T+M), II(T) and II (Mid) seams of Patch 'Q' part Patch 'N' and part Patch 'P' of Gondudih Colliery of Kusunda Area. The total quantity for the removal of over burden (OB) is 368.24 LCM and extraction of coal is 54.21 LMT.

Sadbhav Engineering is one of the largest BOT developers in the road sector in India with good project execution skills. The company 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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