Sadbhav Engineering in demand on emerging as successful bidder for NHAI project

27 Mar 2012

Sadbhav Engineering is currently trading at Rs. 153.70, up by 5.30 points or 3.57% from its previous closing of Rs. 148.40 on the BSE.

The scrip opened at Rs. 150.00 and has touched a high and low of Rs. 159.25 and Rs. 149.00 respectively. So far 34893 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.25 on 27-Mar-2012 and a 52 week low of Rs. 94.00 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 159.25 and Rs. 145.25 respectively. The current market cap of the company is Rs. 2244.24 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 emerged as successful bidder in respect of the bid invited by National Highways Authority of India (NHAI), Ministry of Road Transport and Highways, in respect of the project for four laning of Solapur-Bijapur section of NH-13 from km 0.00 to km 110.542 to be executed as BOT (Toll) basis on DBFOT Pattern under NHDP Phase III.

The estimated total cost of development of the said project stands at Rs 1,220 crore. The concession period of the project is 20 years from appointed date.

Recently, the company bagged order worth Rs 126.82 crore from the Executive Engineer, GIDC, Ahmedabad. The scope of project includes, work of construction of rigid pavement four lane main trunk roads including construction of box culverts and street light with foot-path work in Sanand-II (BOL) Industrial Estate with five years free maintenance guarantee period.

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.

Related Sadbhav Engineering Ltd. Links:

Sadbhav Engineering Share Price

40.95 0.40 (0.99%) Jan 17, 18:01
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