Sunil Hitech gains 6% on order win from Bihar government

Moneycontrol BureauShares of Sunil Hitech Engineers surged 6.5 percent intraday Wednesday as it has received an order worth Rs 415 crore from Bihar State Housing Board under government of Bihar.The said order includes construction of 1054 flats on 16.50 acres of land at Dalpatpur in the state of Bihar including complete infrastructure development.The project comprises 23 high rise multistory residential towers in the RCC framed structure with A class specification and amenities.Sunil Gutte, MD of Sunil Hitech said, "With this order, we have taken a firm step forward towards huge potential coming up under mass and affordable housing schemes announced by the central government throughout the country.""The total unexecuted order book as on date is Rs 3429.57 crore and expecting orders of Rs 2500 crore during FY 2016-17," he added.At 14:26 hrs Sunil Hitech Engineers was quoting at Rs 282.00, up Rs 12.20, or 4.52 percent on the BSE.Posted by Rakesh Patil