Sunil Hitech Engineers to acquire 51% stake of I-Tec India

21 Jul 2011 Evaluate

Sunil Hitech Engineers has received an approval to acquire 51% stake of I-Tec India, a global company that operates in the field of soils stabilisation, ecological road infrastructure and the company has also approved the shareholders agreement to be executed to that effect. The company has received an approval for acquisition at its board meeting held on July 19, 2011.

Sunil Hitech Engineering was incorporated with an objective to engage in the business of fabrication, erection and commissioning related works required for power plants. The company is also engaged in the niche segment of commissioning of bunkers, ESPs, Boilers, TG sets in the Power Plants, both in Private and Public sector.

Peers
Company Name CMP
Larsen & Toubro 3774.10
Rail Vikas Nigam 252.95
KEC International 694.00
Kalpataru Projects 1075.45
NCC 232.40
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