Tuesday, August 14, 2007

Sunil Hi-Tech bags order worth Rs 111.75cr from JSW Steel

2007-08-14 12:32:17
Source : Moneycontrol.com

Sunil Hi-Tech Engineers Limited has bagged Rs 111.7 crore order from M/s JSW Ltd., for 4x300MW thermal power Plant located at Jaigarh, Ratnagiri, Maharashtra. The order involves structural fabrication and erection works including supply of steel within a period of 22 months.

This order reiterates the companies' deliberation in balancing its public - private mix of clientele. The clientele of the company includes heavy weights like NTPC, BHEL, Sterlite, Jindal Steel& Power, Reliance Energy, State Electricity Board of Tamil Nadu among others.

"The company is confident of its steady growth and our progress till date only strengthens our resolve to be the most innovative and efficient contributor to the Indian power industry." said Mr. Sunil Gutte, Executive Director of Sunil Hi-Tech Engineers Ltd.

The company witnessed a 135% jump in its Net Profit for Q1 FY08 YoY. The Net Sales of the company have seen a 51.21% rise to Rs 45.36 crore as against Rs 30.00 crore in the same period last year. The Operating Profit of the company has also shot up 132% to Rs 7.94 crore from Rs 3.41 crore for the same period last year. The Net Profit of the company stands at Rs 3.43 crore which is a 135% increase as compared to Rs 1.46 crore witnessed in quarter one, for the previous fiscal.

Sourced From: Concept Public Relations India Pvt. Ltd

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