Sunil Hitech Engineers Ltd, one of the fastest growing companies in the power sector, has surpassed its performance with a bigger leap this year.
Mumbai: January 24, 2008: Sunil Hitech Engineers Ltd, one of the fastest growing companies in the power sector, has surpassed its performance with a bigger leap this year.
The company's Total Income in Q3 FY08 has jumped 121 % to Rs. 79.10 crore against Rs. 35.85 crore for the same period last year. The PAT of the company has swelled 231 % to Rs. 5.04 crore.
The Net Sales for the nine months ended December 2008 is up 97 % to Rs. 193.94 crore. The Profit After Tax jumped 207 % to Rs. 14.01 Crore as against last years Rs. 4.56 crore.
The unexecuted order book position as on 31st December 2007 stands at Rs. 747 crore to be executed over a period of 2-3 years. The EPS of the company is Rs. 5.32.
The company is widening its service offering from being a fabricator and erector of power plants to also laying down of transmission substations and distribution lines. The company, in the current year is also exploring tie-ups with various foreign companies to manufacture, erect and commission its own boilers in the sub 50 MW range.
About Sunil Hitech Engineers Ltd
Sunil Hitech Engineers Ltd. (SHEL) specializes in Fabrication, Erection, Testing and Commissioning of Thermal Power Plants with high precision quality and timeliness. SHEL offers a diverse array of products and services, catering to the Power, Process, Piping and Sugar Industries, Irrigation Projects and Raw Water Systems.
SHEL offers a diversified assortment of products and services, catering to the Power, Process & Piping Industries as well as Sugar Industries, Irrigation Projects and Raw Water Systems. As part of its portfolio, SHEL undertakes erection of Boiler and Auxiliaries upto 500 MW capacity, EPC Projects for thermal power stations, erection of EHV transmission lines and sub-stations, manufacture, supply, erection, testing and commissioning of super-heater coils & bends and erection of sugar mills.
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