Sunil Hitech Engineers (SHEL), witnessed a rise in share price on Friday after it 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 are trading at Rs 156.50, up Rs 5.6, or 3.71% at the Bombay Stock Exchange (BSE) on Friday at 11:07 a.m.
The scrip has touched an intra-day high of Rs 160.80 and low of Rs 156.30. The total volume of shares traded at the BSE is 33,214.