MoneyWorks4Me

Sadbhav Engineering’s arm to terminate Concession Agreement signed with NHAI

11 Nov 2013 Evaluate

Sadbhav Engineering has received an approval from NHAI for the foreclosure/termination of the Concession Agreement dated May 25, 2012 signed between SBTPL (Step-down subsidiary of the Company) and NHAI under clause 37.2.2 of the Concession Agreement without any claims/damages or debarring the Concessionaire for future NHAI projects.

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.

Peers
Company Name CMP
Larsen & Toubro 3656.00
Kalpataru Projects 1393.80
NCC 123.80
Rail Vikas Nigam 196.50
KEC International 356.50
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