Sadbhav Engineering jumps on being declared as successful bidder for Rs 132.95 crore project

16 Apr 2013

Sadbhav Engineering is currently trading at Rs. 116.00, up by 2.60 points or 2.29% from its previous closing of Rs. 113.40 on the BSE.

The scrip opened at Rs. 114.00 and has touched a high and low of Rs. 117.00 and Rs. 114.00 respectively. So far 3024 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 156.15 on 05-Oct-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. 116.85 and Rs. 110.00 respectively. The current market cap of the company is Rs. 1750. crore.

The promoters holding in the company stood at 47.25% while Institutions and Non-Institutions held 43.19% and 9.56% respectively.

Sadbhav Engineering has been declared successful bidder (L1) for the Earthwork for deepening and widening of Parallel Lower Ganga Canal as perfinal stage theoretical lined sections (8900 Cusec capacity) in respect of bid invited by Chief Engineer Ram Ganga, Irrigation Department, Government of Uttar Pradesh, Kanpur, for contract value of Rs 132.95 crore

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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