Sunil Hitech secures order worth Rs 820 millions

Sunil Hitech Engineers Ltd has announced that the Company has bagged following projects amounting to Rs 820.00 millions and the execution period of these contracts is about eighteen months:

1. The Company has forayed into Hydro Power Projects for an American Company; Dodson-Lindblom, USA and has awarded three Hydro Power Projects in Himachal Pradesh. The total Contract Value is Rs 450.00 Millions.

2. The Company has been awarded Structural fabrication erection works for 2x600MW Hissar Thermal Power Project at Hissar, Haryana for a Contract value of Rs 370.00 Millions by M/s. Reliance Energy Ltd (REL).

The stock closed the day at Rs.98.65, up by Rs.1.45 or 1.49%. The stock hit an intraday high of Rs.103 and low of Rs.96.10. The total traded quantity was 186751 compared to 2 week average of 77455.

Source : Equity Bulls

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