Sadbhav Engg Receives Rs 99 Cr order From Chhattisgarh Govt.
Sadbhav Engineering has received road construction projects worth Rs 99.01 crore from the Government of Chhattisgarh.
The project includes rehabilitation and upgradation of the Abhanpur-Rajim-Gariyaband and Rajim-Mahasamund segment in Chhattisgarh.
Presently, the company has an order book of around Rs 2394 crore. More than 70% of company's income comes from road construction projects. Despite this 15% is added by irrigation and 10% by mining.
Sadbhav Engineering has been in this line for last 19 years but it got listed on the BSE in 2006. It has also participated in projects by Sardar Sarovar Narmada Nigam and National Highways Authority of India and worked with industry majors like Larsen & Turbo and Punj Lloyd
In early trading, the company’s shares gained Rs 35.45 at Rs 1,094.00. The total volume of shares traded was 4,051 at the BSE. (11.29 a.m,).