 "Sunil Hitech rallies on winning road project worth Rs 122 crore")
Sunil Hitech Engineers has rallied 8% to Rs 150 on the National Stock Exchange (NSE) after the company announced that it has bagged road project worth Rs 122.02 crore.
The company engaged in construction and engineering business said it has bagged an order of Rs 122.02 crore from the Ministry of Road Transport and Highways - Government of India for Rehabilitation and Upgrading to 2 lanes/2 lane with paved shoulders configuration and strengthening of Madhugiri–Chikkaballapura-Mulbagal section road in the state of Karnataka.
The work is expected to be executed in around 24 months. This is the first major project that the company has received in the road EPS front, it added.
The stock opened at Rs 149 and hit a high of Rs 160 on the NSE. The trading volumes on the counter jumped an over three-fold with a combined 346,302 shares changed hands till 1009 hours on the NSE and BSE.
The company engaged in construction and engineering business said it has bagged an order of Rs 122.02 crore from the Ministry of Road Transport and Highways - Government of India for Rehabilitation and Upgrading to 2 lanes/2 lane with paved shoulders configuration and strengthening of Madhugiri–Chikkaballapura-Mulbagal section road in the state of Karnataka.
The work is expected to be executed in around 24 months. This is the first major project that the company has received in the road EPS front, it added.
The stock opened at Rs 149 and hit a high of Rs 160 on the NSE. The trading volumes on the counter jumped an over three-fold with a combined 346,302 shares changed hands till 1009 hours on the NSE and BSE.
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