Sadbhav Engineering zooms on emerging as lowest bidder for Gujarat metro rail project

22 Dec 2020 Evaluate

Sadbhav Engineering is currently trading at Rs. 60.45, up by 2.25 points or 3.87% from its previous closing of Rs. 58.20 on the BSE.

The scrip opened at Rs. 58.00 and has touched a high and low of Rs. 64.45 and Rs. 55.15 respectively. So far 101034 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 142.00 on 20-Jan-2020 and a 52 week low of Rs. 23.40 on 09-Apr-2020.

Last one week high and low of the scrip stood at Rs. 69.45 and Rs. 55.15 respectively. The current market cap of the company is Rs. 1029.42 crore.

The promoters holding in the company stood at 46.83%, while Institutions and Non-Institutions held 32.31% and 20.86% respectively.

Sadbhav Engineering has been declared as lowest bidder by Gujarat Metro Rail Corporation (GMRC) for Construction of 11.6 K.M. Elevated Viaduct from kadarsha Ni Nal to Dream City Dead End Including Ramp for Depot entry near Dream City and 10 Stations (Exel E&M, Architectural Finishing and Roofing) for Surat Metro Rail Project Phase-1, Package-CS1 in the name of SEL-SPSCPL Joint Venture.

The bid project cost is Rs 779.73 crore and the completion period for the project is 30 months. Letter of Award (LoA) is expected to receive soon from Gujarat Metro Rail Corporation.

Sadbhav Engineering mainly operates in three core businesses namely roads, mining and irrigation.

Sadbhav Engineering Share Price

28.63 1.08 (3.92%)
28-Mar-2024 16:01 View Price Chart
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