Sunil Hi-Tech secures order worth Rs 101 crore; stock surges 8%
Sunil Hi-Tech Engineers Limited has informed that the company has bagged projects amounting to Rs100.68 crore, which constitutes structural works of 2x500MW, NTPC, at Ennore in Tamil Nadu worth Rs 90.22 crore and structural works at Bellary worth Rs10.46 crore through M/s JSW Steel.
The total tonnage to be executed in above orders is approx. 42500MT which involves fabrication & erection of Structures. Both the jobs are to be completed within a time frame of 15 to 36 Months.
With this order, the company has reached an unexecuted order book position of Rs 823.94 crore.
Nagpur-based, Sunil Hitech Engineers Limited has established itself as one of the best in human resources, firmly focused in the ever-growing Power Sector. The firm engages in the fabrication, erection, testing, and commissioning of thermal power plants serving private and public sectors.
The company shares touched a high of Rs 209 on the BSE after the news. It ended the day at Rs 207, up Rs 15 or 8% over the previous close. The stock had made a 52-week high of Rs 415 on January 2, 2008 and 52-week low of Rs 72 on April 2, 2007.