Sunil Hitech Engineers (SHEL) has been awarded orders worth Rs 9.35 billion in the State of Maharashtra on EPC Mode. The company has bagged all these projects in joint venture with other companies and Sunil Hitech Engineers will be executing 100% of the work.

The company has won contract for Rehabilitation & Upgradation of Parli-Pimpla-Dahiguda Road from existing Ch. km 0.000 to 18.495 (SH-64) (Design Ch. km 0.000 to km 18.440) to two/four lane with paved shoulder (length-18.44 km) in Maharashtra on EPC basis from Public Works Department (PWD), Maharashtra worth Rs 1.34 billion.

The company has also secured order for Rehabilitation & Augmentation of four laning of Kutchery Chowk- Ranchi-Piska More-Biju Para section from km 0.000 to 34.000) of NH- 75 in the state of Jharkhand on EPC mode from National Highway Authority of India (NHAI), worth Rs 2.35 billion.

Sunil Hitech has received contract worth Rs 2.57 billion for Rehabilitation & Upgradation of Ajanta-Buldhana-Khamgaon- Shegaon-Deori Road (Ajanta to Buldhana section) length-49.13 km in Maharashtra on EPC basis from Public Works Department (PWD), Maharashtra.

Moreover, the company has bagged order for Rehabilitation & Upgradation of Nanded-Bhokar-Himayatnagar- Kinwat-Sarkhani-Mahur-Arni-Road (Sarsam-Himayatnagar-Kothar Package-II) km 33.00 to km 90.00 to two-lanes with paved shoulders in Maharashtra on EPC basis from Public Works Department (PWD), Maharashtra worth Rs 3.08 billion.

The company has received Letter of Award (LoA) in regards to the same and will be signing the EPC Agreement soon.

Sunil Gutte, Managing Director of Sunil Hitech Engineers, 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. These order further showcases the steps the Company is taking to step up business in other infrastructure verticals such as roads and building construction apart from power related works and diversify our order book and is a major milestone on our way to become an infrastructure conglomerate.''

Shares of the company gained Rs 1.02, or 8.51%, to trade at Rs 13.00. The total volume of shares traded was 3,487,196 at the BSE (1.54 p.m., Thursday).