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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor