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Sadbhav Engineering soars on emerging as successful bidder for two projects

01 Sep 2017 Evaluate

Sadbhav Engineering is currently trading at Rs. 294.90, up by 6.50 points or 2.25% from its previous closing of Rs. 288.40 on the BSE.

The scrip opened at Rs. 300.00 and has touched a high and low of Rs. 301.65 and Rs. 290.40 respectively. So far 6949 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 350.90 on 11-May-2017 and a 52 week low of Rs. 220.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 301.65 and Rs. 268.10 respectively. The current market cap of the company is Rs. 5051.04 crore.

The promoters holding in the company stood at 46.76%, while institutions and non-institutions held 43.53% and 9.70% respectively.

Sadbhav Engineering has been declared as he successful bidder (L1) in respect of the bid invited by Road & Building Department, Government of Gujarat for the two projects on EPC Mode for aggregating value of Rs 900 crore. Both the projects are part of 215 Km. long stretch between Ahmedabad and Rajkot.

Of the two projects, first one has a project length of 38.14 km with a construction period of 2 years and a bid price of Rs 396 crore. The project is for Upgradation to 6 lane with paved shoulders of Sayla - Bamanbore section of NH 8A (New NH 47) from Km. 138+000 to Km. 182+490 on EPC mode in the State of Gujarat.

Moreover, the second project is of a project length of 43 km with a construction period of 2 years and a bid price of Rs 504 crore. The project is for upgradation to 6 lane with paved shoulders of Bagodara - Limbdi section of NH 8A (New NH 47) from Km. 56+000 to Km. 99+000 on EPC mode in the State of Gujarat.

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.

Sadbhav Engineering Share Price

10.30 0.20 (1.98%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Rail Vikas Nigam 303.10
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