Sadbhav Engineering strengthens on bidding successfully for NHAI project

21 Mar 2013

Sadbhav Engineering is currently trading at Rs. 114.00, up by 1.25 points or 1.11% from its previous closing of Rs. 112.75 on the BSE.

The scrip opened at Rs. 118.90 and has touched a high and low of Rs. 119.00 and Rs. 112.40 respectively. So far 10267 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. 103.05 on 04-Mar-2013.

Last one week high and low of the scrip stood at Rs. 119.80 and Rs. 112.00 respectively. The current market cap of the company is Rs. 1720.78 crore.

The promoters holding in the company stood at 47.26% while Institutions and Non-Institutions held 42.72% and 10.02% respectively.

Sadbhav Engineering has been declared the successful bidder in respect of the bid invited by National Highways Authority of India (NHAI), Ministry of Road Transport and Highways G-5&6, Sector-10, Dwarka New Delhi-110075 for 4- Laning of Rohtak to Hissar Section of NH-10 from Km 87.000 to km 170.000 including connecting link from km 87.000 (NH-10) to km 348.000 (NH-71) to be executed as BOT (Toll) project on DBFOT pattern under NHDP Phase III in the state of Haryana (Length 98.810 Km).

The estimated total cost for the development of the said project stands at Rs 1,210.00 crore. The concession period of the project is 22 (Twenty Two) years from the appointed date. The company has quoted Rs 211.50 crore towards grants for the said project.

Recently, the company had successfully bided in respect of the bid invited by NHAI for project of two Laning with paved shoulder of Karaikudi-Ramanathapuram Section NH-210 from km 94.000 to km 174.000 (Length 80 km) in the State of Tamil Nadu to be executed as DBFOT (Annuity) basis under NHDP Phase-III.

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.

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