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Sadbhav Engineering gains on bagging order in JV with GKC Projects

18 Aug 2011

Sadbhav Engineering is currently trading at Rs. 142.15, up by 1.15 points or 0.82% from its previous closing of Rs. 141.00 on the BSE.

The scrip opened at Rs. 143.10 and has touched a high and low of Rs. 144.45 and Rs. 142.00 respectively.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 164.00 on 05-Oct-2010 and a 52 week low of Rs. 93.70 on 10-Feb-2011.

Last one week high and low of the scrip stood at Rs. 148.00 and Rs. 139.70 respectively. The current market cap of the company is Rs. 2,130.00 crore.

The promoters holding in the company stood at 47.59% while Institutions and Non-Institutions held 41.12% and 11.29% respectively.

Sadbhav Engineering in joint venture (JV) with GKC Projects - Hyderabad has been awarded the project by Bihar State Road Development Corporation, Patna for accepted contract amount of Rs 201.82 crore. The company has been awarded the project for improvement / upgradation of Mohammadpur Rajapatti - Mashrakh - Khaira- Chhapra Road (SH-90) Length - 64.71 Km. Contract Package No-3 of Bihar State Highway Project - II.

Further, Sadbhav Engineering will lead the joint venture with 50% participation share.

Sadbhav Engineering focuses on the roads, mining and irrigation sector and aggressively participates in the BOT opportunity in the road sector. It has chosen to adopt an integrated approach of developing and constructing road projects.

Related Sadbhav Engineering Ltd. Links:

Sadbhav Engineering Share Price

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