Sunil Hitech Engineers, one of the leading EPC Contractor and Infrastructure Project executors in India, has secured Letter of Award (LoA) from National Highways Authority of India (NHAI) to construct and widen the existing 2-lane Bodhre to Dhule road section of NH-211 to four/six lane configuration in the State of Maharashtra for a bid project cost of Rs 982 crore on Hybrid annuity Model (HAM).

The construction of the 67.2 km road also include 2 new ROBs, 6 underpasses, 4 major bridges, 26 minor bridges and 2 new bypasses.

The company will be signing the concession agreement soon. The construction period is 2.5 years.

Sunil Gutte, Managing Director of Sunil Hitech Engineers, said, ''This is amongst one of the major project awarded to the company in the road sector and is in line with the company's vision to be a major player in the road sector. This order further showcases the steps the company is taking to step up business in other infrastructure verticals such as roads and building construction apart from power related works and diversify our order book and is a major milestone on our way to become an infrastructure conglomerate.''

Shares of the company gained Rs 0.91, or 8.21%, to trade at Rs 12.00. The total volume of shares traded was 887,684 at the BSE (12.12 p.m., Thursday).