Shares of Sunil Hitech Engineers gained 9 percent intraday Monday. The company has bagged two orders worth Rs 474 crore in the State of Bihar from Ministry of Road Transport and Highways, Government of India on Engineering, Procurement & Construction (EPC) Mode.



The order has been awarded to Sunil Hitech - RCM JV and is part of national highways interconnectivity improvement project which is funded by World Bank. "The orders include rehabilitation and upgradation to 2-lane/2 lanes with paved shoulders configuration and strengthening of Sitamarhi-Jaynagar-Narahia Section of NH-104 in the State of Bihar for Lot-I from 40 km to 79.40 km worth Rs 154.62 crore and Lot-II from 79.40 km to 156.50 km worth Rs 319.68 crore," as per BSE filing. Sunil Gutte, MD of Sunil Hitech Engineers said, "With the receipt of these orders, we are continuing our strategy to diversify our orderbook which will improve our profitability. Our total order book on road segment is now approximately Rs 1000 crore comprising of 5 projects."


At 09:45 hrs Sunil Hitech Engineers was quoting at Rs 293.50, up Rs 17.30, or 6.26 percent on the BSE.

here is company details.

 

NOTE :You need to login first to access this feature.