- The company forays in to construction of airport infrastructure through a Maharashtra Airport Development Corporation (MADC) project
- The project is secured by Sunil Hitech in partnership with Phenix Building Solutions Pvt Ltd
- The job involves the construction of pre engineered building and allied works for warehousing in Mihan area
- In the first quarter of the current financial year, the company has bagged several new projects worth Rs 173.55 crores
Sunil Hi Tech Engineers Ltd., (BSE: 532711) one of the leading technology and EPC companies in the power & infrastructure sector, enters the airport infrastructure space by bagging an order from the Maharashtra Airport Development Corporation (MADC) for the construction of building and allied works for warehousing in Mihan. The project, to be jointly executed with Phenix Building Solutions Pvt Ltd, is worth Rs 51 crores, of which Sunil Hitech will Share Rs 24.57 crores.
Including the airport project, the company has bagged several new projects worth Rs 173.55 crores in the first quarter of the current financial year. With this, the company’s order book stands strong at Rs 1890 crores which is to be executed within next 2-3 years.
Other projects include civil work for ash bund for MAHAGENCO, structural works for REL and RINL, Adani Power, erection of boiler, its auxiliaries & ESP and critical piping for BHEL, PSSR, REL among others.
Commenting on the results, Mr. Sunil R. Gutte, JMD of Sunil Hi Tech Engineers Ltd. said, “We have successfully established ourselves in the field of power and infrastructures and now diversification in to other sectors is only a natural progression. In this light, I am definite that the company’s foray in to airport infrastructure construction will bring in positive returns and increase versatility in product offering and service. The several projects granted to us in the first quarter stand testimony to our strong market position and quality performance. Also, there are other major projects in the pipeline for us. ”
About Sunil Hi Tech Engineers Ltd.
Within a period of 20 years, Sunil Hi Tech Engineers Ltd. has emerged as one of the leading Project Executor of India in the Power and Infrastructure Sector, mainly dealing with fabrication, erection, testing and commissioning of thermal power plants and also entered in the Steel & Sugar Industries. At Present the Company is executing 47 live projects at different parts of the country and contributing to the commissioning of 26,070 MW of Power in the next 2 – 3 years. An ISO 9001:2000 & OHSAS 18001:2007 Company certified company, Sunil Hi Tech undertakes the erection, testing and commissioning of boilers and auxiliaries of up to 500 MW capacity, pressure parts, ESP and piping, and structural work in main plant building, bunker bay and miscellaneous structures of up to 660 MW.