Sadbhav Engineering shines on emerging as successful bidder for 5 projects worth Rs 378.28 crore

Sadbhav Engineering is currently trading at Rs. 134.95, up by 1.55 points or 1.16% from its previous closing of Rs. 133.40 on the BSE.

The scrip opened at Rs. 134.55 and has touched a high and low of Rs. 135.00 and Rs. 133.00 respectively.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 161.00 on 30-Mar-2012 and a 52 week low of Rs. 94.00 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 136.50 and Rs. 128.50 respectively. The current market cap of the company is Rs. 2,029 crore.

The promoters holding in the company stood at 47.42% while Institutions and Non-Institutions held 39.73% and 12.85% respectively.

Sadbhav Engineering has been declared successful bidder (L1) for the 5 (Five) projects / works, in respect of the bid, which was invited by Sardar Sarovar Narmada Nigam, Gandhinagar in Gujarat for a contract value of Rs 378.28 crore.

The company has bagged the contract to construct Kachchha Branch canal Ch 214.740 km to 222.728 km, Ch 222.728 km to 231.022 km, Ch 231.022 km to 243.839 km and Ch 263.620 km to 271.224 km. The company has also secured contract to construct 3.50 mt wide W.B.M road on inspection path and providing 5.75 mt wide S.D.B.M on service road with CC parapet wall above lining key on Narmada Main  canal Ch 220.907 km to 263.574 km.