Sunil Hi Tech registers topline of Rs 154 cr, order book at Rs 2062 cr

• Rs 642 cr new orders won in Q3 representing a 45.21% increase in net order book
• Rs 2062 cr pending order book
• L&T and Mahagenco BoP orders represent strategic wins   
• 12.97 % EBIDTA margin for Q3 represents 210 basis point improvement over first half

Sunil Hi Tech Engineers, (BSE: 532711) one of the leading technology and EPC companies in the power & infrastructure sector, reported for the quarter ended 31st December, 2009, revenues of Rs 154.60 cr (standalone), an increase of 4.80% over Rs 147.52 cr in the same quarter of the previous fiscal year. PAT before extraordinary/ exceptional items for the quarter is Rs 6.27 cr.  PAT including exceptional items is Rs 6.39 cr for the quarter.

Commenting on the results, Mr. Sunil Gutte, the Joint Managing Director of Sunil Hi Tech Engineers said,  “our focus on expanding our capabilities has been rewarded with our 250 MW 488 cr. win from Mahagenco and the KTPS (Koradi Thermal Power Station) order from L&T for 193 cr.  The expansion of our country’s power infrastructure remains a national imperative and with the Government of India’s upward revisions for additional capacity of 18,000 MWs (in the 12th plan period) , we are strategically well placed.  Our order book increase of 45% not only shows strong momentum in the sector but validation of Sunil Hi Tech’s capabilities.  We are confident of additional incremental growth in our order book and continued improvement in operating performance in the coming quarters”

About Sunil Hi Tech Engineers
Sunil Hi Tech Engineers has over 20 years of experience in the fabrication, erection, testing and commissioning of thermal power plants including doing individual works under BoP. An ISO 9001:2000 certified company, Sunil Hi Tech undertakes the erection, testing and commissioning of boilers and auxiliaries of up to 500 MW capacity, pressure parts, ESP and piping, and structural work in main plant building, bunker bay and miscellaneous structures of up to 660 MW.

In addition to this, Sunil Hi Tech designs, supplies, transports and provides the commissioning of EHV lines of substations, CW pipelines, large diameter piping, bunker belts, steel flue can; EPC work for transmission and distribution lines, transformers sub-stations and allied works, as well as the EPC contract for fuel oil system and the erection of turbine generators.

Sunil Hi Tech has 125,000 tpa of steel fabrication capacity and specializes in building steel structures for thermal power plants and has also established a 1,00,000 tpa of equipment installation capacity in power plants. The company takes up civil works for power plants of up to 500 MW. It undertakes manufacture, supply, and commissioning of super-heater eco, reheater coils and equipment for thermal power stations.