Hot Chips - Sunil Hi-Tech Eng.
Jayashree / 05 Jul 2010
Sunil Hi-Tech Engineering (SHEL) is an established player in the niche segments of fabrication, erection and commissioning of bunkers, electrostatic precipitators, boilers, turbo generator sets and balance of plant in the power plant. SHEL has a robust order book position of over Rs 1,945 crore which is 2.7 times of its FY10 annual sales. The stock can be looked at for short to medium-term gain.
BSE Code: 532711
Volume: 17000
CMP: Rs 206.90
Sunil Hi-Tech Engineering (SHEL) is an established player in the niche segments of fabrication, erection and commissioning of bunkers, electrostatic precipitators, boilers, turbo generator sets and balance of plant in the power plant. With increased government focus on power sector, the demand for diverse and capable EPC and BOP contractors will significantly increase in the coming years, thus placing SHEL as an end solution provider in a commanding position. The company has strategically upgraded itself from a pure contractor to balance of plant (BOP) player. This enables it to bid for larger projects. It has enhanced its bidding capabilities up to 250 MW power projects from 100 MW power projects. SHEL has a robust order book position of over Rs 1,945 crore which is 2.7 times of its FY10 annual sales. The stock can be looked at for short to medium-term gain.
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