Sadbhav Engineering is currently trading at Rs. 132.90, up by 1.00 points or 0.76% from its previous closing of Rs. 131.90 on the BSE.
The scrip opened at Rs. 134.00 and has touched a high and low of Rs. 134.00 and Rs. 130.00 respectively. So far 207 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 161.00 on 30-Mar-2012 and a 52 week low of Rs. 94.00 on 30-Dec-2011.
Last one week high and low of the scrip stood at Rs. 137.90 and Rs. 127.00 respectively. The current market cap of the company is Rs. 1987.73 crore.
The promoters holding in the company stood at 47.42% while Institutions and Non-Institutions held 40.89% and 11.68% respectively.
Sadbhav Engineering’s - step-down subsidiary and a special purpose vehicle (SPV) - Hyderabad- Yadgiri Tollway (HYTPL) has achieved commercial operational date (COD) for entire 100% project length on December 10, 2012.
The project is for design, engineering, construction, development, finance, operation and maintenance of 4 laning of Hyderabad- Yadgiri Section from km 18.600 to km 54.000 of NH-202 in the state of Andhra Pradesh under NHDP Phase-Ill on DBFOT (Toll) Basis.
Accordingly, HYTPL has been authorized by National Highway Authority of India (NHAI) to collect the Toll from December 10, 2012 and actual toll collection has already been started.
Sadbhav Engineering (SEL) 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.