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Sadbhav Engineering surges on securing construction project worth Rs 60.15 crore

20 Feb 2014

Sadbhav Engineering is currently trading at Rs. 88.80, up by 0.50 points or 0.57% from its previous closing of Rs. 88.30 on the BSE.

The scrip opened at Rs. 87.40 and has touched a high and low of Rs. 90.00 and Rs. 86.80 respectively. So far 14320 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 129.00 on 30-May-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. 93.70 and Rs. 83.70 respectively. The current market cap of the company is Rs. 1343.52 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 has been awarded the construction project for a negotiated amount of Rs 60.15 crore by Shapar Veraval Industrial Association, Veraval, District Rajkot, Gujarat. The construction work of continuously reinforced cement concrete road with CD works includes free maintenance guarantee period of 5 years on EPC Turn-key basis at Shaper Veraval Industrial Estate under the scheme of Critical Infrastructure Project of GoG.

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

48.40 -0.35 (-0.72%) Sep 27, 09:53
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323