Sunil Hitech Engineers Limited (SHEL) has been awarded orders worth Rs. 935.91 crores in the state of Maharashtra on EPC Mode. The stock gained more than 9% on intraday basis and is trading at Rs 12.95 per share.
The company has received Letter of Award and will be signing the EPC Agreement soon. All the four projects have been won in joint venture with other companies and Sunil Hitech Engineers Limited will be executing 100% of the work.
Commenting on this order, Mr. Sunil Gutte, Managing Director of Sunil Hitech Engineers Ltd., has said that “These orders will help consolidate our position in the road sector and is in line with the Company's vision to be a major player in the road sector.