Sadbhav Engineering is currently trading at Rs. 94.00, up by 2.75 points or 3.01 % from its previous closing of Rs. 91.25 on the BSE.
The scrip opened at Rs. 93.70 and has touched a high and low of Rs. 95.75 and Rs. 93.30 respectively. So far 17073 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 140.35 on 09-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. 86.50 respectively. The current market cap of the company is Rs. 1382.92 crore.
The promoters holding in the company stood at 48.76 % while Institutions and Non-Institutions held 42.91 % and 8.33 % respectively.
Sadbhav Engineering’s - special purpose vehicle (SPV) - Rohtak-Panipat Tollway (RPTPL) project, has achieved Commercial Operational Date (COD) as January 06, 2014 for the entire length of Project Highway i.e. from Km 0.000 to 80.858.
The project is for 4 laning of Rohtak to Panipat section of NH-71A from Ch. 0.000 (Km. 63.300 of NH-10) to Km 80.858 (Km. 83.500 of NH-1) in the State of Haryana on DBFOT basis under NHDP III. Accordingly, RPTPL has been expected to collect the toll from January 09, 2014. The concession period is 25 years from the appointed date. The estimated cost of the project is Rs 1,220 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.