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Sunil Hitech gets nod to enter into an agreement with Sadoday Laxmi Infra

18 Aug 2011 Evaluate

Sunil Hitech Engineers has received an approval to enter into an agreement with Sadoday Laxmi Infrastructure, subject to such other approvals as may be required, for development of property, construction of residential and commercial complexes. The company has received an approval at its board meeting held on August 11, 2011.

Recently, the company 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 had 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 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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