Sadbhav Engineering bags order worth Rs 869.23 crores

by khalid on 21/03/2011 · 0 comments

Sadbhav Engineering Limited has informed the share market (BSE/NSE) that they bags two orders by Narmada Development Division, Mandleshwar, M. P. in joint venture with GKC Projects Limited – Hyderabad for aggregating contract value of Rs. 869.23 crores.

The first order is for execution of Omkareshwar Right Bank Lift Canal including its distribution network up 40 Ha. Chak for culturable command area (CCA) of about 29947 Ha. on “Turn Key” basis from RD 51.281 Km to 125.00 Km (excluding V.R.B at RD 51,281 Km Wasvi-Sirsodia Road) for contract value of Rs.349.30 crores. The company will lead the joint venture with 60% participation shares.

The second order is for execution of Omkareshwar Right Bank Lift Canal including its distribution network up 40 Ha. Chak for culturable command area (CCA) of about 28073 Ha. on “Turn Key” basis from RD 0.00 Km to 51.281 Km (including V.R.B at RD 51.281 Km Wasvi-Sirsodia Road) for contract value of Rs.519.93 crores. The company will lead the joint venture with 40% participation share.

Sadbhav Engineering Limited is a leading Gujarat based engineering company. The company’s principal activity is to developes infrastructure, engineering and construction. It construct earthen dams, canals etc.

Share’s Data :
BSE Code : 532710
Mkt. Cap: Rs 1,599.43 Crores
Sadbhav Engineering Ltd. share’s CMP is Rs 106.70 on 21st Mar 2011.

Stay tuned to BelltheBull Blog for more news on Sadbhav Engineering Limited !

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: