Sunil Hitech Engineers to venture into road sector through joint ventures
April 21, 2010
Sunil Hitech Engineers Ltd, which has been focussing on the power sector, now plans to bid for road projects. The company will target schemes from the National Highways Authority of India (NHAI) through joint ventures.
“This year we plan an executive meeting to think about venturing into other sectors. We may probably foray into the road sector,” said Sunil Gutte, joint managing director, Sunil Hitech. However, the plans are still at a preliminary stage.
Mr Gutte said that the focus was on both build-operate & transfer projects as well as contract-based road projects from the NHAI. “I think it (the road sector) is a very promising sector. This year’s Budget has given a major impetus to road projects. Also, as a sector, it provides ample and never-ending opportunities. A number of big road contracts are likely to come up for bidding,” said Mr Gutte.
In order to bid and qualify for NHAI projects, the company plans joint ventures with other companies. “We may look for joint ventures—both domestic and international—to bid and qualify for these projects,” said Mr Gutte.— Amritha Pillay