Sadbhav Engineering: Winning bidder

Sadbhav Engineering: Winning bidder

Shares of Sadbhav Engineering jumped nearly 11% on BSE after it was declared the lowest bidder by Gujarat Metro Rail Corporation (GMRC) for a project.
The project is for the construction of 11.6 km elevated viaduct from Kadarsha Ni Nal to Dream City dead-end including ramp for depot entry near Dream City and 10 Stations for Surat Metro Rail Project.
The project is awarded in the name of SEL-SPSCPL – a 74:26% joint venture between Sadbhav Engineering and SP Singla Constructions.

Sadbhav Engineering is engaged in the business of development of infrastructure facilities in areas of canals, irrigation projects, roads, bridges, etc., has been declared as the lowest bidder by GMRC for the Metro Rail projects which cost is around about Rs 780 crore and the award is expected to receive soon from Gujarat Metro Rail Corporation.
As of 2QFY21, Sadbhav Engineering has an order book Is around Rs 9,397 crore which provides revenue visibility about 2.7 times of FY20 revenue.

Disclaimer –
This document is meant for the recipient only for use as intended and not for circulation. This document should not be reproduced or copied or made available to others. The information contained herein is from the public domain or sources believed to be reliable. While reasonable care has been taken to ensure that information given is at the time believed to be fair and correct and opinions based thereupon are reasonable, due to the very nature of research it cannot be warranted or represented that it is accurate or complete and it should not be relied upon as such. Also above note is not a recommendation to Buy or SELL and is only a view based on facts and figures and we will be in no way responsible for any losses incurred by anyone who uses this information to either trade or invests securities mentioned herein.