Expect enough traction for highway sector in coming years: Sadbhav Engineering

Sadbhav Engineering is in focus because the market is getting extremely positive about road contracting companies, road builders and infrastructure majors. In an interview to CNBC-TV18, Nitin Patel, ED of Sadbhav Engineering gave the growth outlook for the company.

Currently we are sitting on an orderbook of Rs 9,400 crore, said Patel.

He further said that out of Rs 9400 crore, the irrigation outstanding is to the tune of Rs 900 crore, mining is around Rs 1,300 crore and rest is road contract divided between engineering, procurement and construction (EPC) and hybrid annuity.

Patel said that the National Highways Authority of India (NHAI) has awarded 1,200 km of orders, to the company, since April 2017.