Sadbhav Eng opens strong
By
Research Desk
about 10 years ago
Sadbhav Engineering is strongly in the green today morning. Closing yesterday at Rs.93.90, it opened higher at Rs.93.70 and is currently at Rs.93.90, up 3%.
The stock is up after the company announced that it has achieved commercial operation of the Rs 1,220 crore highways project in Haryana pertaining to widening of the Rohtak—Panipat stretch.
The project involved four—laning of Rohtak to Panipat section of NH—71 A in Haryana on design, build, finance, operate and transfer basis under National Highways Development Project phase III. Toll collections will begin from tomorrow, 9th Jan. The concession period is 25 years from the appointed date. Estimated cost of the project is Rs 1,220 crore.