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What to watch: Receipt of dues may lift Sadbhav Engineering

| Updated on March 16, 2020

Sadbhav Engineering on Monday said it has received ₹457.7 crore in the second tranche of payment in connection with the sale of seven road projects to Indinfravit. The company till now has received ₹1,291 crore and units of Indinfravit Trust worth ₹724.3 crore. Sadbhav Infrastructure Project, subsidiary of Sadbhav Engineering, in July 2019 had inked a pact with Indinfravit to sell 100 per cent stake in nine operational projects for an enterprise value of ₹660 crore.

Published on March 17, 2020

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