Sadbhav Engineering gains on emerging as lowest bidder for Road, Irrigation Projects

31 Aug 2018

Sadbhav Engineering is currently trading at Rs. 281.85, up by 0.75 points or 0.27% 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. 280.00 respectively. So far 24624 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. 4845.16 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 been declared the successful bidder (L1) for Road and Irrigation Projects worth Rs 1,350.74 crore. The company has received first project for construction of elevated viaduct from start of elecated ramp near Sahibabad RRTS Station up to end of Ghaziabad RRTS Station and two Nos. of elevated RRTS Stations viz. Sahibabad and Ghaziabad of Delhi- Merrut Regional Rapid Transit System (RRTS), Corridor for Package-1 -DM/C/01 by National Capital Region Transport Corporation.

The company has bagged second project for construction of elevated viaduct from end of Ghaziabad RRTS Station up to EPE crossing and two Nos. of Elevated RRTS Stations viz. Guldhar and Duhai of Delhi- Meerut Regional Rapid Transit System Corridor for Package-2 DM/C/02 by National Capital Region Transport Corporation. Besides, it has received third project for construction of elevated viaduct from end of Ghaziabad RRTS Station up to EPE crossing and two Nos. of Elevated RRTS Stations viz. Guldhar and Duhai of Delhi- Meerut Regional Rapid Transit System Corridor for Package-2 DM/C/02 by National Capital Region Transport Corporation.

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.

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