Construction company Sadbhav Engineering is in news these days.

CNBC-TV18 reported last week that Sadbhav Engineering is planning to monetise its listed infrastructure subsidiary, Sadbhav Infrastructure. Nitin Patel, executive director of Sadbhav Engineering spoke at length about the same.

“There is no plan for Sadbhav Engineering to monetise its ownership in Sadbhav Infrastructure,” said Patel.

“Sadbhav Infrastructure owns almost 11 operational projects and all are stabilized and revenue is also generating decent cash flow. So yield generation has now started in all the projects. So that is our first priority to monetise the asset. Therefore, we are on the ground to find the potential buyer,” he added.

He further said that the company has invested Rs 2,400 crore in the 11 projects carved for sale and they expect Rs 1,200 crore revenue from these projects.