Sadbhav Engineering rises on emerging successful bidder for Ambala - Kaithal Section

28 Feb 2015

Sadbhav Engineering is currently trading at Rs 321.20, up by 5.00 points or 1.58% from its previous closing of Rs. 316.20 on the BSE.

The scrip opened at Rs. 320.00 and has touched a high and low of Rs. 325.00 and Rs. 318.85 respectively. So far 10899 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 341.00 on 13-Feb-2015 and a 52 week low of Rs. 73.15 on 06-Mar-2014.

Last one week high and low of the scrip stood at Rs. 321.00 and Rs. 300.80 respectively. The current market cap of the company is Rs. 5536.90 crore.

The promoters holding in the company stood at 47.12% while Institutions and Non-Institutions held 40.39% and 12.50% respectively.

Sadbhav Engineering has been declared as the successful bidder in respect of the bid invited by National Highways Authority of India (NHAI) for four-laning of Ambala - Kaithal Section from Km 50.860 to Km 95.360 (length 44.500 km) in the state of Haryana of NH-65 with paved shoulder under NHDP Phase- III on EPC mode. (Package - II).

The length of the project is 44.500 kilometer while the project cost is Rs 459.00 crore. The construction period is 2.5 years while the maintenance period is 4 years.

Sadbhav Engineering 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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