In an interview to CNBC-TV18, Sunil Ratnakar Gutte, MD of Sunil Hitech Engineers spoke about allotment of warrants to promoters and non-promoters and his outlook going ahead.
Sunil Hitech Engineers bags a road project worth around Rs 982 crore in Maharashtra. The total project completion period is 30 months and execution should start in next four-five months, Sunil Gutte, Managing Director of the company told CNBC-TV18.
"The company is expecting almost Rs 2,500 crore order book in current financial year (FY17)", Sunil Gutte of Sunil Hitech Engineers told CNBC-TV18.
C Venkataramana, Director and CEO of Sunil Hitech Infra says the company is targeting revenue growth of 15-20 percent in FY16.
Sunil Ratnakar Gutte, Managing Director of the company told CNBC-TV18 that the road project is divided into two patches – one valued at Rs 319 crore and other at Rs 155 crore – will be completed within 30 months.
The order is for rehabilitation and upgradation of two lanes and is located in Karnataka. It is the first major project bagged by the company in around 24 months and is expected to be executed in around 24 months.
Sunil Gutte of Sunil Hitech Engineers is confident of meeting sales target for the current fiscal. However, expansion of bottomline remains a major challenge for the company
Vijay Gutte, Director-Finance, Sunil HiTech Engineers expects their new acquisition I-Tec India to add close to Rs 100 crore to the company's revenue in the very first year. The company is expecting a 15-20% growth in FY12 excluding I-Tec.
Sunil Gutte, the whole-time director of the company, in an interview on CNBC-TV18 spoke about their third quarter results and the outlook ahead.