Log In

 

Company Name : Sunil HiTech Engineers Ltd.

Monday, June 12, 2017 10:45AM IST (5:15AM GMT)

(NSE:SUNILHITEC)(BSE:532711)

Sunil Gutte Foresees Manyfold Growth in the Infra Sector of India


Mumbai, Maharashtra, India

The Indian Infrastructure Market is forecasted to see a massive increase in the next five years. As per the BMI research report, the country is the third-largest in Asia for infra sector and will overtake Japan by 2023 in terms of nominal value. Though demonetization had a negative effect on construction activity in the year of 2016, robust growth is about to return in 2017 with large pipeline of residential, infrastructure and non-residential projects, of which Sunil Hitech Engineers Limited is also a part of, says Mr. Sunil Gutte (Managing Director).

The Modi government has already taken measures to address issues of cost overruns and delays in the sector by streamlining land-acquisition process for few states. The ‘Make in India’ initiative is progressing in creating urbanization and industrialization a reality in the country with heavy investments in ports, roads, railways, water utilities, power transmission, for which Mr. Sunil Gutte is primarily focused on harvesting power, solar and infra projects like buildings, roads, and bridges etc.

Sunil Hitech to Find Better Opportunities in the Housing Sector

Sunil Hitech aims at building affordable housing and stimulating tasks in construction industry for the next few years. The reforms to foreign investment by the government will also prove a great opportunity for international companies to participate in the nation’s infra projects, and domestic players like The Company, will find additional opportunities as well, opined Mr. Sunil Gutte.

The domestic companies stand a good chance to dominate the infrastructure market owing to their expertise in nation’s regulatory environment, thus, Sunil Hitech Engineers Limited may see a growth in its order book for the infra sector.

Mr. Gutte Talks about Current Initiatives in Construction Projects

In 2016, India had jumped 19 places in the World Bank's Logistics Performance Index (LPI) 2016, to attain the rank 35th among other 160 countries. Sunil Gutte also looks at road sector as carrying potential for the company for the next 4 to 5 years that will bring opportunities in infrastructural development for the country.

  • The company already has ongoing projects in building and construction segment, such as one at Punjab for Rs. 350 crores for construction under Central Sudhar Griha (Bathinda and Govindlal).
  • In Andhra Pradesh, Construction on Administrative Building/Canopies at Toll Plaza (pkg  5 and 6) at Hyderabad and Singreni- SCCL- Construction of Staff Quarters, GM Bungalow at Singareni TPP – CV Rs. 92.29 crores.
  • At Nagpur, the company is engaged in Water Greens- Jaitala Nagpur 4 Tower buildings and Royalty-7 Bungalows on 7 floors, while in Goa, project is of Green Acres- 5 Tower Building and CPWD/VNIT Nagpur: Construction of Classroom Complex.
  • For Maharashtra the company is participating in construction projects, says Sunil Gutte. The company is going ahead with 2x500 MW NTPC Mauda STPP Civil works of Administrative & Residential Buildings.
  • At Bihar, BSHB - Construction of 1054 Flats at Dalpatpur (G+11) – CV Rs. 415.48 crores and Construction of Surgical Block Building at Darbhanga, Bihar – CV Rs. 1,32.30 crores.
  • Sunil Hitech is also active in Uttar Pradesh at Firozabad- UPRNNL - Construction of Medical college buildings – CV Rs. 130.00 crores and Kanpur- KDA - Construction of EWS Houses – CV Rs. 89.38 crores.


Click here for Media Contact Details

Sunil HiTech Engineers Ltd., +91 (22) 61872400, wr@sunilhitech.com


More News from Sunil HiTech Engineers Ltd.

05/02/2018 4:14PM

Sunil Gutte says, Budget 2018-19 is a Great Push to Infrastructure and Affordable Housing, will Strengthen Development Goals for India

After the Union Budget 2018-19 for India was announced on 1 February, by the Union Finance Minister Arun Jaitley, hopes for high-end infrastructural growth saw a massive boost. As per the Union Budget for FY18-19, Rs. ...

22/05/2017 11:27AM

Sunil Gutte Sees Opportunity as Government Plans 5 Lakh Crore of Highway Contracts

The Narendra Modi Government has posed a target of awarding Rs. 5 lakh crore worth contract for highways construction of about 50,000 kilometres in the oncoming two years of its tenure.

28/04/2017 6:15PM

Sunil Gutte Becomes an Active Participant in CSR Activities of Sunil Hitech Engineers Ltd.

Sunil HiTech Engineers Ltd. conceptualizes Corporate Social Responsibility (CSR) as its core value of their corporate citizenship and good governance.

Similar News

21/05/2018 6:55PM

NioCorp Awards Contract to Rockwell Automation on Groundbreaking Critical Minerals, Mining and Processing Facility in Nebraska

NioCorp Developments Ltd. (TSX: NB, OTCQX: NIOBF), a developer of superalloy metals, has awarded a major contract to Rockwell Automation (NYSE: ROK) to engineer, design and procure process automation and instrumentation ...

No Image

21/05/2018 6:30PM

Ultra-Low Power Lattice sensAI Leads Mass Market Enablement of Artificial Intelligence in Edge Devices

Accelerates deployment of AI into fast growth consumer and industrial IoT applications including mobile, smart home, smart city, smart factory, and smart car products Optimized to provide ultra-low power (under 1 ...

News Summary

Sunil Hitech aims at building affordable housing and stimulating tasks in construction industry for the next few years.