Greeting! Sunil Hitech have achieved Group turnover of Rs.2974 Crs. during the FY 2015-16. At Sunil Hitech, we have consistently transformed ourselves to keep pace with the demands of the times and our own ambitions. The story of Sunil Hitech is indeed a tale of transformations. It is filled with changes in capabilities, capacities and expertise. What remains unchanged though is our core belief in serving our stakeholders. Our Stakeholders and their interests are the touchstones of our enterprise.
Sunil Hitech offers a diversified assortment of products and services, catering to the Power Sector including LSTK contracts of Transmission & distribution projects, Steel Plants, Sugar Industries, Process & Piping Industries, irrigation projects and many more. Such a diverse portfolio has enabled SHEL to spread its wings over different areas across the nation and make a name for itself as a responsible and reputed organization.
Sunil Hitech Engineers Limited has come a long way from being a mere labour supplier and contractor to a responsible organisation to meet the ever demanding requirements of clients like NTPC, BHEL, main utility clients like MSPGCL (formerly known as MSEB), TNEB, MPPGCL, RRVUNL and other state boards and private players like Reliance Energy, Jindal Power, JSW, RINL, HSCL.
It has acquired sufficient capital assets by way of heavy construction equipments and human resources with adequate experience to cater to the needs of project related activities. Also, SHEL has acquired quality management system certification - ISO 9001:2000. SHEL has well organised operations, which enables it to have a strong client orientation, to be sensitive to their needs and respond quickly to the changes in the market.
I take this opportunity to share with you the reforms being introduced at Sunil Hitech. To multiply our turnover five-fold in just five years calls for a paradigm shift in focus. Sunil Hitech has been flexible to add new verticals and diversify the portfolio. As a step in this direction, we are not only taking up 25 to 50 MW EPC contracts but are also adding chimneys and cooling towers to its portfolio. The latter will enhance our ability execute larger BOP contracts of up to 500 MW in the future. Strategic tie-ups for balance of plant work are on the anvil.
Sunil Hitech is joining the league of bigger players and proposes to strengthen its foothold in the industry by bidding for larger, high-margin and more complex projects in competitive areas with acceptable levels of contractual risk. To firm up its financial position, Sunil Hitech has invested in fund raising activities over the year. 3,800,000 convertible preferential warrants were allotted to the promoters and other strategic investors at a conversion price of Rs. 146 per share. Further, we raised Rs. 810 million through the qualified institutional placement (QIPs) route to consolidate our financial position and fund our expansion plans.
Due to our continual and diligent efforts, our achievement in quality, fast track project management and safety, we are regularly appreciated by our valuable clients. But more than that, we have our valuable clients to thank for keeping faith in our professional service & us.
We are an organisation that combines scientific, financial, managerial and operational skills and resources to deliver fast and crisp execution of projects. As our research assets, business infrastructure and human capital integrates to flower a robust performance to provide an impetus to the Indian power industry as whole.
Do contact us if you are looking for a reputed organisation, who can meet the fast track project completion with quality of workmanship, supervision and management.