Sadbhav Engineering soars on emerging successful bidder for two projects

11 Sep 2013 Evaluate

Sadbhav Engineering is currently trading at Rs 56.85, up by 2.05 points or 3.74% from its previous closing of Rs 54.80 on the BSE.

The scrip opened at Rs. 53.65 and has touched a high and low of Rs. 58.50 and Rs. 53.65 respectively. So far 21475 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. 52.95 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 58.50 and Rs. 52.95 respectively. The current market cap of the company is Rs. 832.86 crore.

The promoters holding in the company stood at 48.92%, while Institutions and Non-Institutions held 40.69% and 10.39% respectively.

Sadbhav Engineering has been declared successful bidder (L1) for the two projects/works worth Rs 456.92 crore. The company emerged as the successful bidder for project worth Rs 428.00 crore in respect of the bid invited by Water Resources Department, Government of Madhya Pradesh for Bahuti High level canal from KM 18 to KM 74 with full canal network to irrigate irrigable command area of 65000 hectares with all in-line structures on the canal system can turnkey basis with defect liabilities period of three year reckoned from issuance of completion certificate.

Meanwhile, the company is also emerged as the successful bidder for project worth Rs 28.92 crore in respect of the bid invited by Narmada, Water Resources Water Supply and Kalpsar Department, Gandhinagar for Improvement to KRB MC Ch 30750 to 39277 M, Ta : Mandvi, Dist:- Surat.

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.

 

Sadbhav Engineering Share Price

26.80 0.69 (2.64%)
07-Jun-2024 16:01 View Price Chart
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