Sadbhav Engg toll revenue up 54 pc at Rs 146.6 cr in Q3FY15

The toll revenue of Engineering and infrastructure construction company, Sadbhav Engineering Ltd (SEL) has increased by 54 percent to Rs 146.6 crore in Q3FY15, the company said today.
SEL has said that toll revenue from seven operational SPVs (special purpose vehicle) has increased from Rs. 95.07 crore in Q3FY14 to Rs 146.6 crore, up 54 percent in Q3FY15, a statement issued here said.
"As part of its overall growth strategy, SEL has started the process of restructuring wherein it seeks to consolidate all BOT road projects in subsidiary company Sadbhav Infrastructure Project Ltd (SIPL)," SEL Director Nitinkumar Patel said.
Once these acquisitions are completed, SIPL's project portfolio will increase to 13 BOT projects, with eight fully operational projects, one partially operational border check posts project and four projects in various stages of development, Patel said.

The road sector has been the key growth driver for Sadbhav Engineering, contributing 65-75 percent to its order-book. Over the past few quarters, it has been able to secure projects from irrigation and mining sectors.