Sadbhav Infrastructure Project has reported results for second quarter ended September 30, 2018. The company has reported a fall of 5.20% in its net profit at Rs 23.32 crore for the quarter under review as compared to Rs 24.60 crore for the same quarter in the previous year. Total income of the company decreased by … Read more
Sadbhav Infrastructure Project’s wholly owned subsidiary — Sadbhav Bhimasar Bhuj Highway (SBBHPL) has submitted draft financing documents to National Highways Authority of India (NHAI) in relation to Financial Close within the timelines stipulated in accordance with the Concession Agreement dated May 23, 2018. The company has submitted the same for project of upgradation to 4 … Read more
Sadbhav Infrastructure Project’s subsidiary — Nagpur Seoni Express Way (NSEL) has won an arbitration award against NHAI of Rs 61.25 crore (including interest upto the date of award of Rs 18.64 crore). From the date of award till final payment, NSEL shall receive interest at the rate of 12% p.a. Additionally, NSEL will also get … Read more
Sadbhav Infrastructure Project’s collection of toll revenue from its 10 operational Special Purpose Vehicles (SPVs) has increased by around 12.5% to Rs 268.55 crore in Q2FY19 from Rs 238.63 crore in Q2FY18. The company’s toll revenue from its Ahmedabad Ring Road Infrastructure (ARRIL) in Q2FY19 has increased by around 10% to Rs 23.22 crore from … Read more