Sunil Hitech surges on winning EPC projects worth Rs 474 crore in Bihar

The contracts worth Rs 474 crore in the State of Bihar are from Ministry of Road Transport and Highways, Govt of India, on EPC basis.

Shares of Sunil Hitech Engineers were up over 6.5% at Rs 294 after the company said it has been awarded contracts worth Rs 474 crore in the State of Bihar from Ministry of Road Transport and Highways, Govt of India, on EPC basis.

The order has been awarded to Sunil Hitech - RCM JV and is part of National Highways Interconnectivity Improvement Project which is funded by World Bank, the company said in a release.

The first project is rehabilitation and upgradation to 2-lane/2 lanes with paved shoulders configuration and strengthening of Sitamarhi-Jaynagar-Narahia Section in Bihar for Lot-1 km 40.00 to km 79.40 worth Rs 154.62 crore. The second project is rehabilitation and upgradation to 2-lane/2 lanes with paved shoulders configuration and strengthening of Sitamarhi-Jaynagar-Narahia Section for Lot-II km 79.40 to km 156.50 worth Rs 319.68 crore, the release added.

The stock opened at Rs 279 and touched a high of Rs 300. At 1:10pm, over 308,000 shares were traded on both the stock exchanges.