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Sadbhav Engineering gains on emerging as lowest bidder for NHAI project

23 Feb 2018 Evaluate

Sadbhav Engineering is currently trading at Rs. 399.50, up by 6.55 points or 1.67% from its previous closing of Rs. 392.95 on the BSE.

The scrip opened at Rs. 393.60 and has touched a high and low of Rs. 403.00 and Rs. 393.60 respectively. So far 5590 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 438.85 on 11-Jan-2018 and a 52 week low of Rs. 262.00 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 403.00 and Rs. 383.00 respectively. The current market cap of the company is Rs. 6854.25 crore.

The promoters holding in the company stood at 46.47%, while Institutions and Non-Institutions held 38.85% and 14.68% respectively.

Sadbhav Engineering has been declared as lowest bidder (L-1) by National Highway Authority of India (NHAI) for a new project. The company has quoted Rs 981 crore and NHAI has estimated Rs 896.22 crore.

The project is for construction of NH-24 Extension 4-lane bypass starting from Behta Road and terminating at Sitapur Road Chainage in the State of Uttar Pradesh. The project completion period is 3 years and length of the project is 32.895 km.

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

9.53 0.18 (1.93%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3959.90
Rail Vikas Nigam 275.10
NCC 153.05
KEC International 573.95
Kalpataru Projects 1181.65
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