Sunil Hitech Engineers (SHEL) has bagged an order worth Rs 900 million from Kanpur Development Authority for the construction and development work of houses in two different development areas of Kanpur. The company is expected to complete the execution of the work in around 18 months.
This order further showcases the steps the company is taking to step up business in other infrastructure verticals such as building construction, roads, renewable energy etc apart from power related work on the way to become an infrastructure conglomerate.
Shares of the company declined Rs 0.9, or 0.59%, to settle at Rs 150.90. The total volume of shares traded was 16,309 at the BSE (Thursday).