Sadbhav Engineering rises on new order - The New Indian Express

Sadbhav Engineering rises on new order

Published: 07th March 2014 01:19 PM

Last Updated: 07th March 2014 01:19 PM

Sadbhav Engineering, an engineering construction company, rised on Friday after it secured project/work order from the chief engineer (DPI & Roads), Odisa, Bhubaneswar for a aggregating value of Rs 1.40 billion.

The construction period is 24 months and the defect liability period is 24 months for the project highway and 60 months for any structures and major bridges from the date of provisional certificate of completion as per article of draft EPC agreement.Shares ofthe companyare trading at Rs 90, up Rs 1, or 1.12% at the Bombay Stock Exchange (BSE) on Friday at 11:55 a.m.The scrip has touched an intra-day high of Rs 94.70 and low of Rs 89.30. The total volume of shares traded at the BSE is 115,101.In the earlier session, the shares declined 2.63%, or Rs 2.4, at Rs 89. Currently, the stock is trading down 30.23% from its 52-week high of Rs 129 and above 73.08% over the 52-week low of Rs 52.

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