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Sadbhav Engineering > Company History > Infrastructure - General > Company History of Sadbhav Engineering - BSE: 532710, NSE: SADBHAV

Sadbhav Engineering

BSE: 532710|NSE: SADBHAV|ISIN: INE226H01026|SECTOR: Infrastructure - General
May 25, 10:42
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May 25, 10:42
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Company History - Sadbhav Engineering
Sadbhav Engineering Private Limited was incorporated on October 3,
 The registered office was situated at 707, 7th Floor, Shilp Building,
 Municipal Market, C G Road, Navrangpura, Ahmedabad 380009. Our
 became Deemed Public Company by virtue of section 43A(1A) of the
 Act, 1956, w.e.f September 18, 1992. This section was subsequently
 and therefore our Company was converted into a Public Limited Company
 Sadbhav Engineering Limited with a fresh Certificate of Incorporation
 obtained on 
 May 17, 2001. The registered office of our Company has shifted to
 Sadbhav House. 
 Opposite Law Garden Police Chowki, Ellisbridge, Ahmedabad 380 006
 with effect 
 from January 3, 2004.
 Mr. Vishnubhai M Patel, one of the partners of M/s. Bhavana
 Construction Co., the 
 erstwhile partnership firm is the Promoter of our Company. He is our
 Managing Director 
 since inception. 
 M/s. Bhavna Construction Co., a partnership firm was formed in 1968 
 by Mr. Vishnubhai 
 M. Patel, Mrs. Santokben Mafatlal Patel, Mr. Jayabtibhai and Mr. 
 Kanubhai Mafatlal Patel. 
 This partnership firm was formed for the purpose of carrying on
 construction business. By 
 virtue of the partnership deed dated September 16, 1988, Mr.
 Jayabtibhai and Mr. 
 Kanubhai Mafatlal Patel retired from the partnership and eight new
 partners were inducted 
 in the partnership firm. The new partners were Mr. Chandradevsingh
 Mr. Gautambhai Rambhai Patel, Mr. Chetankumar Nandubhai Patel, Mr.
 Goresingh, Mr. Pareshbhai Chandrakant Patel, Mr. Arvindkumarsingh
 Mr. Anilkumarsingh Goresingh and Mr. Kiritbhai Anubhai Patel.
 Our Company took over the running business of M/s Bhavna Construction
 Co., a partnership 
 firm w.e.f. from October 1, 1989 at its book value. The partners of
 M/s. Bhavna Construction 
 Co. were issued 22,500 Equity Shares of Rs. 100/- amounting to Rs.
 22.50 lakhs as 
 consideration towards the sale. The partnership firm was dissolved
 with effect from March 
 11, 1992.
 The Company was initially engaged in execution of irrigation and
 mining projects 
 and entered into  road projects during the year 1996-97.
 The total income for the year ended March 31, 2005 was Rs. 20728.09
 lakhs, the Profit after 
 Tax stood at Rs. 738.83 lakhs, the EPS was Rs. 12.30 (after
 adjustment of bonus) and the 
 Networth was Rs. 6030.88 lakhs. For the half year ended September 30,
 2005 the total income 
 was Rs.12382.43 lakhs, the profit after tax stood at Rs. 569.72
 lakhs, the EPS was Rs. 7.12 
 (non annualized) and the Networth was Rs. 6588.93 lakhs.
 Gammon Infrastructure Projects Limited, a wholly owned subsidiary of
 Gammon India Limited, 
 acquired a stake of 13.75% of  the capital in our Company in March
 2005, In November 2005 
 the shares have been transferred to Gammon India Limited. Synergies
 of business is one of the 
 reasons for this acquisition. Gammons areas of operation includes
 bridges, power, etc. As we 
 have a proven and establish track records in timely completion and
 quality work in road, 
 irrigation and mining projects, this relationship will work to the
 betterment of both the organisations.
 -Sadbhav Engineering secures projects from Government of Andhra
 Pradesh Irrigation and CAD Department
 - Sadbhav Engineering led consortium bags contract worth Rs. 15.71 bn
  in Maharashtra.
 -Company has been awarded the mining project for contract price of
 Rs. 225.43 crores from MAHANADI COALFIELDS LTD (A subsidiary of Coal
 India Ltd.)
 - Sadbhav Engineering has secured an order from Northern Coalfields
 Limited, a subsidiary of Coal India for Rs.136.83 crore.
 -Company has splits its Face value of Shares from Rs 10 to Re 1
 -Sadbhav Engineering Ltd Issues Rights in the Ratio of 1:20
 - Sadbhav Engineering bags contract worth Rs8.69bn
 - Sadbhav Engineering  Ltd. Award of Project of Rs. 126.82 crores in
 - Sadbhav Engineering bags order worth Rs 33.55 cr from DMRC
 - Sadbhav Engineering  Ltd. Award of Project of Rs. 79.24 crores
 Salapada, Odisha
 - Sadbhav has bagged order worth Rs 132.95 crores from the Chief
 Engineer Ram Ganga, Irrigation Department, Government of Uttar
 Pradesh, Kanpur.
 -Sadbhav Engineering Ltd - Vaishnovi Construction Joint Venture has
 bagged orders worth Rs 245.61 Crores from the Executive Engineer,
 Narmada Development Halon Division.
 The project includes construction of earthen dam.
 -Sadbhav has bagged contract worth Rs 302.30 crores by Bharat Coking
 Coal Limited (BCCL), a subsidiary of Coal India Ltd. Dhanbad.
 -Skoch Awards 2014  Sadbhav was awarded with Skoch Certificate of
 merit by Skoch Group in 2014.
 -Sadbhav Engineering signing of binding MoU for acquisition of 20%
 stake from JV.
 -Sadbhav Engineering bags order worth Rs 79.01cr. from  Sardar
 Sarovar Narmada Nigam Limited,
 -Sadbhav Engg earns Rs 459 crore project from NHAI
 -Sadbhav Engineering bags road projects worth Rs 904.5 cr
 -Sadbhav Engineering-led JV receives Rs 454 cr project
 -Sadbhav enters into agreement with Thakkar Construction.
 -Sadbhav Engineering wins two projects worth Rs 900 cr.
 -Sadbhav Engineering bags Kandla port project.
 -6th EPC World Award 2017.
 -Construction Times Award 2017.
Source : Dion Global Solutions Limited
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