Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

Sadbhav Engineering’s SPV starts collection of toll revenue from January 2

03 Jan 2014

Sadbhav Engineering’s Special Purpose Vehicle (SPV) Maharashtra Border Check Post Network (MBCPNL) has commenced toll revenue at Navapur (NH6), Pimpalkutti (NH7) and Manegaon (NH7) from January 2, 2014. In addition to above, MBCPNL currently collects revenue from 3 Check Posts namely Achhad, Mandrup and Saoner. The company has also received of Provisional Completion Certificate for Kharpi Check Post on MSH-6 with the effect December 27, 2013

With this, MBCPNL has received Provisional/Final Completion Certificate for 9 Check Posts out of which 6 Check Posts have started generating revenue.MBCPNL, step-down subsidiary of the Company and a Special Purpose Vehicle incorporated for the project of Construction, Operation and Maintenance and Modernisation and Computerisation of Integrated Border Check Posts at 22 location in the state of Maharashtra on BOT basis for a concession period of 24 years and 6 months.

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.

Related Sadbhav Engineering Ltd. Links:

Sadbhav Engineering Share Price

51.20 -1.25 (-2.38%) Sep 17, 18:02
1 Year Price Chart
Peers
Company Name CMP
Larsen & Toubro 1715.50
Rail Vikas Nigam 30.10
KEC International 418.90
NCC 80.00
Sterling and Wilson 362.95
View more..
Sensex vs Sadbhav Engineering
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback