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Sunil Hitech shines on bagging road project worth Rs 982 crore from NHAI

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

23 Mar 2017 Evaluate

Sunil Hitech Engineers is currently trading at Rs. 12.14, up by 1.05 points or 9.47% from its previous closing of Rs. 11.09 on the BSE.

The scrip opened at Rs. 11.12 and has touched a high and low of Rs. 12.14 and Rs. 11.00 respectively. So far 755194 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 23.43 on 20-Oct-2016 and a 52 week low of Rs. 7.75 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 12.14 and Rs. 10.89 respectively. The current market cap of the company is Rs. 459.43 crore.

The promoters holding in the company stood at 35.37%, while Institutions and Non-Institutions held 0.19% and 64.44% respectively.

Sunil Hitech Engineers has secured Letter of Award (LoA) from National Highways Authority of India (NHAI) to construct and widen the existing 2-lane Bodhre to Dhule road section of NH-211 to four/six lane configuration in the State of Maharashtra for a bid project cost of Rs 982 crore on Hybrid annuity Model (HAM). The construction of the 67.2 km road also include 2 new ROBs, 6 underpasses, 4 major bridges, 26 minor bridges and 2 new bypasses.

The company will be signing the concession agreement soon. The construction period is 2.5 years.

Sunil Hitech Engineers is a 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, cooling towers, chimneys, etc. and also in renewable energy sector.

Sunil Hitech Engine. Share Price

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Sunil Hitech shines on bagging road project worth Rs 982 crore from NHAI

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