Sadbhav Engineering receives Projects worth Rs.905 million

Sadbhav Engineering Ltd has announced that the Company has been awarded the following projects worth Rs 905 millions:

1. H.N.S.S Project - Phase-II Package No, 53: "Investgation, preparation of Hydraulic Particulars, Designs, Land Plan Schedules Drawings and Formation of Gollapalli Reservior with a capacity of 1.61 TMC on Madakasira Branch Canal between Km. 8.000 to Km. 10.000 and providing Distributory System to serve an ayacut of 10.000 Acres under the Reservior including construction of CM & CD works-Award of works on EPC Turn Key System. The Contract Value of the said project stands at Rs 519 Millions.

2. H.N.S.S Project - Phase-II Package No. 52: "Investgation, preparation of Hydraulic Particulars, Designs, Land Plan Schedules Drawings and Excavation, of Madakasira Branch Canal under HNSS Phase-II from Km. 0.000 to Km. 20.00 including CM & CD works and linking up of all M. I/P.R/Private Tanks as per Annexure including CM & CD works wherever necessary and providing Distributory Syster to serve an ayacut of 8,000 Acres in Amidyala, Raketla and Pedda Kowkunitla Villages by lifting water at Km. 203.000 of IINSS main canal (under Phase-I) including execution of Amidyala Branch Canal for a length of 5.5 Km including cost of investigation, preparation of Hydraulic Particulars, Designs, Drawings, Construction of CM & CD works etc. complete for the distributory and Branch Canal excluding cost of lifts under HNSS Phase-II in Anantpur district- Award of works on EPC Turn Key System. The Contract Value of the said project stands at Rs 386 Millions.

The stock was trading at Rs.565, up by Rs.33.25 or 6.25%. The stock hit an intraday high of Rs.574 and low of Rs.525.55. The total traded quantity was 56064 compared to 2 week average of 60116.

Source : Equity Bulls

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