Sadbhav Engineering

India Ratings and Research expects the execution to remain sluggish in FY23, in view of the stretched liquidity position of the company

Project execution capabilities could be impacted; delay in the monetisation of assets could add to liquidity stress

Sadbhav Engineering on Thursday said it has been declared lowest bidder for two highway projects worth Rs 1,572 crore in Gujarat by the National Highways Authority of India (NHAI).

All that happened in the markets today

In December last year, Union minister for road transport and highways Nitin Gadkar had informed the Parliament that the ministry has 318 ongoing arbitration cases worth nearly Rs 80,000 crore

The stock of the construction and engineering company was trading at its lowest level since April 2014.

Re-rating of stock likely after transaction but eyes will be on new order wins, scaling up of operations

Total income from operations during quarter declined to Rs 616 crore from Rs 746 crore a year ago