The company made the announcement during trading hours today, 19 January 2012.
Meanwhile, the BSE Sensex was up 182.86 points, or 1.11% to 16,634.33.
On BSE, 13,000 shares were traded in the counter as against average daily volume of 45,422 shares in the past one quarter.
The stock hit a high of Rs 118.35 and a low of Rs 114.70 so far during the day. The stock had hit a 52-week high of Rs 154.40 on 25 April 2011. The stock had hit a 52-week low of Rs 93.70 on 10 February 2011.
The stock had underperformed the market over the past one month till 18 January 2012, rising 4.6% compared with the Sensex's 6.2% return. The scrip had also underperformed the market in past one quarter, falling 12.83% as against 1.77% fall in the Sensex.
The mid-cap company has an equity capital of Rs 15.03 crore. Face value per share is Re 1.
Sadbhav Engineering said that Dhule Palesner Tollway (DPTL), a special purpose vehicle (SPV) promoted by Sadbhav Engineering, Hindustan Construction Co and John Laing Investment in respect of the 4 laning of Madhya Pradesh (MP)/ Maharashtra border-Dhule section of National Highway 3, has achieved commercial operational date (COD) as on 17 January 2012 for an aggregated project length of 68.30 Kilometers (KM) against the scheduled 4 laning date 18 June 2012. This road project in Maharashtra is part of the National Highways Development Project (NHDP) Phase IIIA on design, build, finance, operate and transfer (DBFOT) basis, the company said in a statement.
Sadbhav Engineering's net profit rose 32.1% to Rs 18.14 crore on 65% growth in net sales to Rs 430.41 crore in Q2 September 2011 over Q2 September 2010.
Sadbhav Engineering is a construction firm with focus on road, irrigation and mining projects.