18 August 2011

Sadbhav Engineering bags order worth `202cr :: Angel Broking,

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Sadbhav Engineering bags order worth `202cr
Sadbhav Engineering (SEL) has bagged a road project worth `201.8cr from Bihar State
Road Development Corporation Ltd., Patna. SEL will be implementing this project in a joint
venture with GKC Projects, with SEL’s share being 50%. We maintain our Accumulate view
on SEL with a target price of `161.

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