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Sunil Hitech Engineers trades jubilantly on bagging road project worth Rs 122.02 crore

Sunil Hitech Engineers Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532711 | NSE: SUNILHITEC

17 Mar 2015 Evaluate

Sunil Hitech Engineers is currently trading at Rs. 156.00, up by 15.50 points or 11.03% from its previous closing of Rs. 140.50 on the BSE.

The scrip opened at Rs. 150.00 and has touched a high and low of Rs. 158.20 and Rs. 148.00 respectively. So far 111643 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 193.35 on 17-Nov-2014 and a 52 week low of Rs. 55.35 on 18-Mar-2014.

Last one week high and low of the scrip stood at Rs. 158.20 and Rs. 139.10 respectively. The current market cap of the company is Rs. 233.10 crore.

The promoters holding in the company stood at 62.45% while Institutions and Non-Institutions held 0.48% and 37.07% respectively.

Sunil Hitech Engineers (SHEL), a leading EPC company focused on infrastructure projects and renewable energy, has bagged an order worth Rs 122.02 crore from the Ministry of Road Transport and Highways - Government of India for Rehabilitation and Upgrading to 2 lanes/2 lane with Paved shoulders configuration and strengthening of Madhugiri -Chikkaballapura -Mulbagal Section Road in the state of Karnataka. The order was bagged by company as the lead member in the SHEL -Assignia (JV) and the work is expected to be executed in around 24 months.

This is the first major project that the company has received in the road EPC space and is in line with the company’s future philosophy to be an active player in the road sector on the EPC front. This order further showcases the steps the company is taking to step up business in other Infrastructure verticals such as building construction, roads, etc. apart from power related work on the way to become an Infrastructure conglomerate.

Sunil Hitech Engineers is well-established player in EPC and Construction of Road & Bridges, Building works of institutions, hospitals and housing projects, cross country pipeline, civil & mechanical works of power and steel plants etc.

Sunil Hitech Engine. Share Price

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Sunil Hitech Engineers trades jubilantly on bagging road project worth Rs 122.02 crore

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