Sunil Hitech announces 111 pc increase in net sales

Nagpur, Oct 31 (UNI) Sunil Hitech Engineers Limited, one of the fastest growing companies in the power sector, has posted net income of Rs 131.12 crore for the second quarter ended September 30, registering an increase of 89 per cent compared to Rs 69.47 crore in corresponding period last year.

The company's profit after tax for the same went up by 31 per cent to Rs 6.87 crore, compared with Rs 5.24 crore in the last fiscal. The current pending order book position as on date is Rs 1462.48 crore.

Sunil Hitech announced a 111 per cent increase in its net sales in the first half of year 2008-09 to Rs 242.32 crore from Rs 114.84 crore in corresponding period last year. Net profit registered a growth of 59 per cent to Rs 13.78 crore (H1-FY09), up from Rs 8.67 crore (H1-FY08).

Managing Director of Bessemer Venture Partners Devesh Garg had appointed as an Independent Director w.e.f. September 18th, 2008.

SHEL's foray into the Engineering Procurement Contract (EPC) space was marked by a contract worth Rs 330.62 crore for 30 MW works and 60 KLPD Distillery Plant with 6000 TCD sugar for Gangakhed Sugar&Energy Pvt Ltd. The company has taken up a Rs 216 crore earthwork project for Rajwest Power Limited at Barmer in Rajasthan for the excavation and disposal for a Raw Water Reservoir.

UNI XR LY AG2011