Sadbhav Engineering is successful L1 bidder for the project/work by DMRC

Sadbhav Engineering has informed that the Company has been declared the successful bidder (L1) for the project/work by Delhi Metro Rail Corporation Ltd. for aggregating contract value of Rs. 64.64 Crores.

logoSadbhav Engineering Ltd has informed BSE that the Company has been declared the successful bidder (L1) for the following project/work by Delhi Metro Rail Corporation Ltd. aggregating the contract value of Rs. 64.64 Crores for “Contract CC-42: Civil Works for construction of Depot cum Workshop, RCC elevated ramp, boundary wall, land development works etc. at Badli for Jahangir Puri- Badli Corridor (extension of line- 2) of phase-lll of Delhi MRTS”.

Sadbhav Engineering Limited, established in 1988 by Mr. Vishnubhai Patel, is counted among the leading Infrastructure companies of India. Over the years, Sadbhav has succeeded in powerfully anchoring itself in the Indian Infrastructure sector and today enjoys a solid reputation in the Infrastructure development industry. Sadbhav has been involved in carrying out landmark infrastructure projects in India and each new endeavor of the company has the ultimate goal of enhancing the quality of life for people across the country and creating new opportunities without compromising on Work Quality and Punctuality.

Sadbhav’s business currently focuses on Infrastructure projects which include Construction of Roads & Highways, Bridges, Irrigation supporting infrastructure and Mining. Today Sadbhav has successfully constructed more than 4200 Lane Kms. of Roads and Highways (both National and State Highways) while 3500 Lane Kms. are under various stages of construction. Sadbhav has done work for/withhighly reputable clients like NHAI, Sardar Sarovar Narmada Nigam, Coal India, GIPCL, GHCL, L&T, HCC, Punj Lloyd etc.

Sadbhav had incorporated Sadbhav Infrastructure Project Limited (SIPL), as a subsidiary, back in 2007 as an asset holding company for Road & Other Infrastructure BOT Projects. SIPL currently has 12 BOT Projects under its control of which 7 are fully operational, 1 is partially operational and others are under various stages of construction. All these projects are Special Purpose Vehicles (SPVs) controlled by SIPL.

Sadbhav is listed on both BSE and NSE with Market Capitalization of Rs.1958 Crores and its current market price is Rs.130.0 (as of January 17, 2013). As on March 31, 2012, the Total Revenue for the company was Rs.2675.54 Crores and PAT was Rs.140.56 Crores on a Standalone basis while the Total Revenue and PAT were Rs.2866.32 Crores and Rs.119.59 Crores respectively on a consolidated basis. The total order book for the company as of September 2012 stands at Rs.7322.44 Crores (Rs.73.22 Billions) out of which Roadways and Highways contributes a major portion to the total order book (67.7% of the total order book i.e. Rs.4959 Crores), Irrigation contributes 20% to the total order book (Rs.1474 Crores) and Mining forms 12% of the total order book (Rs.889 Crores).

Going forward, Sadbhav will be participating in the Government of India’s NHDP initiative of developing over 50000 Kms. of National Highways in several phases and would also take a part in Bharat Nirman Program which envisions providing network of roads to around 23000 villages all over India. Sadbhav is also looking forward to participate in SARDP-NE, which would establish road connectivity to the state capitals, district headquarters and remote areas on North-Eastern region of India.