Sunil Hitech shines on bagging four orders worth Rs 935.91 crore

06 Apr 2017 Evaluate

Sunil Hitech Engineers is currently trading at Rs. 12.95, up by 0.97 points or 8.10 % from its previous closing of Rs. 11.98 on the BSE.

The scrip opened at Rs. 11.95 and has touched a high and low of Rs. 13.17 and Rs. 11.82 respectively. So far 2179683 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. 13.17 and Rs. 11.60 respectively. The current market cap of the company is Rs. 489.73 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 (SHEL) has bagged four orders aggregating to Rs 935.91 crore in the State of Maharashtra on EPC Mode. The company has bagged all these projects in joint venture with other companies and Sunil Hitech Engineers will be executing 100% of the work.

The company has won contract for Rehabilitation & Upgradation of Parli-Pimpla-Dahiguda Road from existing Ch. km 0.000 to 18.495 (SH-64) (Design Ch. km 0.000 to km 18.440) to two/four lane with paved shoulder (length-18.44 km) in Maharashtra on EPC basis from Public Works Department (PWD), Maharashtra worth Rs134.45crore.

The company has also secured order for Rehabilitation & Augmentation of four laning of Kutchery Chowk- Ranchi-Piska More-Biju Para section from km 0.000 to 34.000) of NH- 75 in the state of Jharkhand on EPC mode from National Highway Authority of India (NHAI), worth Rs 235.90 crore.

Sunil Hitech has received contract worth Rs 257.40 crore for Rehabilitation & Upgradation of Ajanta-Buldhana-Khamgaon- Shegaon-Deori Road (Ajanta to Buldhana section) length-49.13 km in Maharashtra on EPC basis from Public Works Department (PWD), Maharashtra. Moreover, the company has bagged order for Rehabilitation & Upgradation of Nanded-Bhokar-Himayatnagar- Kinwat-Sarkhani-Mahur-Arni-Road (Sarsam-Himayatnagar-

Kothar Package-II) km 33.00 to km 90.00 to two-lanes with paved shoulders in Maharashtra on EPC basis from Public Works Department (PWD), Maharashtra worth Rs 308.16 crore.

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