“I have proposed an allocation of Rs. 55,000 crore in the Budget for Roads and Highways. This will be further topped up by additional Rs. 15,000 crore to be raised by NHAI through bonds. Thus the total investment in the road sector, including PMGSY allocation, would be Rs. 97,000 crore during 2016-17,” said the Finance Minister.
“I have proposed an allocation of Rs. 55,000 crore in the Budget for Roads and Highways. This will be further topped up by additional Rs. 15,000 crore to be raised by NHAI through bonds. Thus the total investment in the road sector, including PMGSY allocation, would be Rs. 97,000 crore during 2016-17,” said the Finance Minister.
“In the road sector, there were more than 70 projects that were languishing at the beginning of the year, due to legacy factors. Aggregate length of these projects was about 8,300 kms involving more than Rs. 1 lakh crore investment. With exemplary and proactive interventions, nearly 85% of these projects have been put back on track,” added Jaitley.
Sadbhav Engineering Ltd is currently trading at Rs. 213.8, up by Rs. 6.35 or 3.06% from its previous closing of Rs. 207.45 on the BSE.
The scrip opened at Rs. 205.05 and has touched a high and low of Rs. 216 and Rs. 203 respectively. So far 221247(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3558.47 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 385 on 13-Mar-2015 and a 52 week low of Rs. 198.45 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs. 236 and Rs. 198.45 respectively.
The promoters holding in the company stood at 47.1 % while Institutions and Non-Institutions held 42.22 % and 10.68 % respectively.
The stock is currently trading above its 200 DMA.
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