Sadbhav Engineering is currently trading at Rs. 90.00, up by 2.50 points or 2.86 % from its previous closing of Rs. 87.50 on the BSE.
The scrip opened at Rs. 87.00 and has touched a high and low of Rs. 90.85 and Rs. 87.00 respectively. So far 5586 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 140.90 on 03-Jan-2013 and a 52 week low of Rs. 52.00 on 16-Sep-2013.
Last one week high and low of the scrip stood at Rs. 98.65 and Rs. 86.10 respectively. The current market cap of the company is Rs. 1,358 crore.
The promoters holding in the company stood at 48.76% while Institutions and Non-Institutions held 41.77% and 9.47% respectively.
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.