Sadbhav Engineering has raised Rs 40 crore through Secured, Unrated, Unlisted, Redeemable, Non-convertible Debentures (NCDs) and allotted 4,000 NCDs having Face Value of Rs 1,00,000 each on Private Placement basis. The meeting of Finance and Investment Committee of the Company held on February 23, 2021, has approved the same.
Sadbhav Engineering mainly operates in three core businesses namely roads, mining and irrigation.