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Sadbhav Engineering surges on receiving LoA worth Rs 1620 crore

31 Aug 2018

Sadbhav Engineering is currently trading at Rs. 285.50, up by 4.40 points or 1.57% from its previous closing of Rs. 281.10 on the BSE.

The scrip opened at Rs. 284.00 and has touched a high and low of Rs. 288.00 and Rs. 283.00 respectively. So far 20929 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. 226.55 on 29-Aug-2018.

Last one week high and low of the scrip stood at Rs. 302.00 and Rs. 226.55 respectively. The current market cap of the company is Rs. 4893.20 crore.

The promoters holding in the company stood at 46.47%, while Institutions and Non-Institutions held 37.64% and 15.88% respectively.

Sadbhav Engineering has received Letter of Acceptance (LoA) worth Rs 1620 crore from Maharashtra State Road Development Corporation (A Government of Maharashtra Undertaking) for construction of Access Controlled Nagpur-Mumbai Super Communication Expressway (Maharastra Samruddhi Mahamarg) in the state of Maharashtra on EPC Mode for package - 5, from 217.023 Km to 259.900 Km (Section- Village Kinhiraja to Village Kenwad) in District Washim.

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.

Related Sadbhav Engineering Ltd. Links:

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