Sadbhav Engineering emerges successful bidder for Northern Coalfields project - Angel Broking

Sadbhav Engineering has been declared the successful bidder by Northern Coalfields, Singrauli for an estimated project cost of ~Rs. 697cr. The scope of work involves excavation of overburden of first dig by hiring of equipment such as excavators, dumpers/tippers, drills, dozers, graders and water sprinklers for composite work consisting of blast hole drilling, excavation, loading, transportation of broker rocks/soil/earth, unloading/dumping, spreading, dozing, water sprinkling and grading etc. by mechanical means as per instruction of engineer in charge at specified places of Amlohri OCP of NCL. The total quantity for the excavation of over burden is 100 million BCM.

We continue to maintain our Buy rating on the stock with a target price of Rs. 157.

Source : Equity Bulls

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