Sadbhav Engineering is currently trading at Rs. 294.80, up by 3.75 points or 1.29% from its previous closing of Rs. 291.05 on the BSE.
The scrip opened at Rs. 290.00 and has touched a high and low of Rs. 301.00 and Rs. 282.10 respectively. So far 46929 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 385.00 on 13-Mar-2015 and a 52 week low of Rs. 137.00 on 12-May-2014.
Last one week high and low of the scrip stood at Rs. 303.75 and Rs. 265.05 respectively. The current market cap of the company is Rs. 4894.63 crore.
The promoters holding in the company stood at 47.11% while Institutions and Non-Institutions held 40.29% and 12.60% respectively.
Sadbhav Engineering has been declared the successful bidder (LI) in respect of the bid invited by National Highways Authority of India (NHAI) (Ministry of Road Transport and Highways) for the two projects for continuous stretch of 86.36 km for aggregating value of Rs 904.50 crore.
The first project is for 4-laning of UP/Haryana border- Yamunanagar-Saha-Barvvala- Panchkula Section of NH- 73 from km70.830 to km 115.400 in the state of Haryana on EPC mode. The construction period for 44.570 km stretch is 2.5 years at an estimated cost of Rs 468.00 crore. The second project is for 4-laning of UP/Haryana border- Yamunanagar-Saha-Barwala- Panchkula Section of NH-73 from km 115.400 to km 157.192 in the state of Haryana on EPC mode. The construction period for 41.792 km stretch is 2.5 years at an estimated cost of Rs 436.50 crore.
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.
