sunil hi tech

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SNAPSHOT

Date of Establishment 1998

Revenue 201.898 ( USD in Millions )

Market Cap 1076.38764 ( Rs. in Millions )

Corporate Address Ratnadeep,Jaynagar,Parli Vaijnath, (District -Beed)Beed-431520, Maharashtra

www.sunilhitech.com

Management Details Chairperson - Ratnakar Manikrao Gutte

MD - Ratnakar Manikrao Gutte

Directors - C Venkataramana, Chandrashekhar

Chincholkar, Davesh Nandan Garg, Devesh Nanda

Garg, Devesh Nandan Garg, Dilip Y Ghanekar, Kalyan

K Ghosh, Kamlakar G Holkar, Mattathil Narayanan

Mohanan, Parag Sakalikar, Ratnakar Manikrao Gutte, S

K Kodandaramaiah, S S Waghmare, Sajid Ali, Sandeep

Kumar Mishra, Sarita R Rathi, Sarita Rathi, ShrikantChandrashekhar Rikhe, Siddharth Mehta, Sonyabapu

Shankar Waghmare, Sudhamati Ratnakar Gutte, Sunil

Ratnakar Gutte, Venkataramana Condoor, Vijay R

Gutte, Vijay Ratnakar Gutte

Business Operation Engineering

Background Sunil Hitech Engineering was incorporated on May 29,

1998 with an objective to engage in the business of

fabrication, erection and commissioning related works

required for power plants. Sunil Hitech was formed by

taking over of proprietorship concern of Sunil

Engineering Works (SEW) with Ratnakar M Gutte as a proprietor, which was in existence since 1984. The

company was converted into Sunil Hitech Enginee

Financials Total Income - Rs. 11050.934 Million ( year ending

Mar 2013)

Net Profit - Rs. 279.321 Million ( year ending

Mar 2013)

Company Secretary Shrikant Chandrashekhar Rikhe

Bankers Bank of India , Punjab National Bank

Auditors GG Randad & Co



Sunil Hitech Engineering was incorporated on May 29, 1998 with an objective to engage inthe business of fabrication, erection and commissioning related works required for power

plants. Sunil Hitech was formed by taking over of proprietorship concern of Sunil

Engineering Works (SEW) with Ratnakar M Gutte as a proprietor, which was in existence

since 1984. The company was converted into Sunil Hitech Engineers ltd. on 18th August

2005.

The company is engaged in the niche segment of Fabrication, Erection & Testing and

Commissioning of Bunkers, ESPs, Boilers, TG sets in the Power Plants, both in Private &

Public sector. SHEL is amongst very few companies which are tightly focused in the ever-

growing Power Sector, for the last two decades.

The turning point for this toddling company with sales worth Rs 50-60 lakh per annum came

in ’94, when BHEL awarded it a contract worth Rs 2.7 crore. At that time, the company did

not own proper machinery or equipments to handle such a big project.

However, special permissions were obtained and BHEL itself provided necessaryequipments. SEW completed the work before time, in 18 months, whereas the time-frame

was 24 months. The quality work provided by the SEW established fresh credentials for the

company. It started getting contracts from areas like Vindhyachal, Suratgarh, Panipat and

Khapadkheda. Thus SEW started on its big journey. After that, there was no looking back

either for the company or for R Gutte.

The company was converted to Private Limited from proprietorship in 1998. A major

achievement of SEW was to obtain ISO 9001:2000 certification. There were not many

companies bothered about certifications at that time. Being a methodical person, Gutte

wanted to establish order in every sector of his company. He wanted to ensure flawless

administration and meticulous documentation. Most of the documentation was done in line

with BHEL which was responsible towards guiding SEW in many sectors. The same year, the

company touched a sales high of Rs 11 crore.

The period of 2001-2004 was toughest for the infrastructure industry. But, against all odds,

Sunil Engineering Works not only survived, but also recorded a growth of 3.4 times touching

total sales of Rs 35 crore in six years till 2004. The company reached its second landmark in

’04 when it was commissioned directly by the National Thermal Power Corporation (NTPC).

The contract was for a work worth Rs 35 crore. Being associated with India’s largest power

producing company which the world’s third largest brought recognition for the company.

In 2005, Sunil Hitech Engineers was incorporated. Construction of new office building

started in 2005. It was when Sunil Gutte thought of making the company a public limited. He

went to Mumbai and got valuations which finally convinced the CMD and the CEO. Sunil

Hitech became a BSE and NSE listed company. In fact, SEW was the first company to go for

the listing in Nagpur after a break of 16 years.

With the money generated through the public listing, Sunil Hitech procured equipments and

machinery needed for smooth conduction of works. Simultaneously, the company repaid

previous bank loans and became a brand. From a private limited company, which is

considered to be a ‘risky company’, Sunil Hitech became Public Limited, a risk-taking

company. As the company grew in image and stature, it planned to diversify. A factory was



set up and it got into transmission and distribution in association with Pampattiwar. SHEL

also started undertaking jobs from steel plants.

Products and services offered by the company:

Thermal Power Plants

Fabrication & Erection of Heavy / Super Structures up to 660MW

Fabrication and Erection of Chimney flues.

Civil works for Power Station upto 500MW, Staff Bldg/Colony, Water treatment,

Effluent Plant, Water Drainage System, Control buildings, Construction of Roads.

Erection of Boiler and auxiliaries’ upto 500MW, ESPs upto 660MW

Structural Fabrication and erection of coal & ash handling system

Piping Work for CW, LP/HP, Ash Slurry and Ash Disposal, LD, DM & Critical

Piping

EPC for Sugar Plant with Co-gen power project.

Turnkey contract for Fuel Oil Handling System Turnkey Contract for Coal Handling Plant & Lignite Storage Shed.

Hydro Power Plants:

Civil works

Hydro-Mechanical works

Radial Gates, Vertical Gates and Fabrication of Pen Stock

Steel- Structural Steel works for:

Castor Shop

Steel Melt Shop

Blast Oxygen Furnace

Sinter Plant

Continuous Casting Shop

Universal Beam Mill & Bar & Rod Mill

Universal Rail Mill

Technological Structure

Subsidiaries:

Sunil HiTech Engineers & Manufacturers Pvt. Ltd. is a sister concern to M/s. Sunil

HiTech Engineers Limited, a company established in 1984 mainly to cater to the needs of

undertaking fabrication and erection related works required for Power Plant Construction &

having a strong Customer base like National Thermal Power Corp.Ltd., Bharat Heavy

Electrical Limited , Reliance Energy Ltd.,(REL), SEPCO, HIL, Skoda export and State

Electricity Boards throughout India.

SHEM is a 85% subsidiary and manufacturing arm of SUNIL HITECH ENGINEERS LTD.

The well known turnkey contracting company is promoted by Ratnakar M Gutte, Director. A

team of dedicated engineers and technocrats ably assisted by administration and finance

professionals are working round the clock to achieve the specified targets and goals.



COMPANY DETAILS

Gangakhed Sugar & Energy Pvt is a sister concern to Sunil HiTech Engineers Limited.

The project is being developed as an Integrated Cane Processing Plant (ICPP) with a

Diversified Product Portfolio and a De-risked Business model, using the state of Art

Technology. The Integrated Project is aimed at utilising sugar cane to its full potentialincluding all of its by-products such as bagasse, molasses, press mud and water. This will not

only insulate the Project from any cyclical variation of sugar industry but will also ensure the

high and consistent returns for sugar cane to the farmers in the region.

Awards/ Achievements

Successfully completed the first EPC Contract of Fuel Oil & Storage tank system of

250MW Unit-1 of Paras TPS Expansion Project, Maharashtra. Awarded Occupational

Health and Safety Management systems Certificate (OSHAS 18001:2007) by

international certification services, DNV.

Involved in fast track construction JPL’s 2x250MW, Raigad Project and completedTG area structural works with an achievement of 13200MT of Fabrication &

11500MT of erection in a year.

Completed Structural & Boiler Erection works of 1x250MW, Unit-1 at Parli & Paras

TPS with repeat order for Unit-2,1x250MW.

Involved in the fast track construction of 500 MW, 7th unit at Chandrapur, Completed

8500 MT of Power House Structures in 18 months against 24 months schedule.

At NTPC Talcher (2x500 MW) Structural Work Fabrication and Erection in a single

month 1947 MT 1879 MT respectively. Fabrication & Erection in a single year of

15478 MT & 13447 MT respectively.

At Suratgarh 250MW (RVUN) Structural Work, Fabrication & Erection, in a single

month of 2340 MT & 1800 MTrespectively. Fabrication & Erection in a single year

of 9400 MT & 9100 MT respectively. Work completed to suit fast track completion

of 28 months from financial closure.

At Chandrapur (500 MW) & Suratgarh (250MW) Boiler Aus. Work completed to suit

fast track commissioning program.

Completion of major rehabs involving 7000 field joints of pressure parts work of

repairing & reversing of economizer coils in less then 40 days at NTPC Korba.



KEY EXECUTIVES

S.No Name Designation

1 Ratnakar Manikrao Gutte Chairman

3 Ratnakar Manikrao Gutte Managing Director

2 Shrikant Chandrashekhar Rikhe Company Secretary

4 Sudhamati Ratnakar Gutte Executive Director

5 Venkataramana Condoor Executive Director

6 Sunil Ratnakar Gutte Joint Managing Director

7 Mattathil Narayanan Mohanan Executive Director - Operations

8 Vijay Ratnakar Gutte Executive Director - Finance

9 Sonyabapu Shankar Waghmare Independent Non-Executive Director

10 Dilip Y Ghanekar Independent Non-Executive Director

11 Devesh Nandan Garg Independent Non-Executive Director

12 Sajid Ali Independent Non-Executive Director

13 Parag Sakalikar Independent Non-Executive Director

14 Siddharth Mehta Independent Non-Executive Director



PRODUCT

Product Name Year Month Sales

Quantity

Sales

Value(Rs.Million)

% of STO

Revenue from

Projects and

Maintenance

2013 03 0.00 8014.63 73.13

Steel - Traded 2013 03 0.00 1744.35 15.92

Others - Traded 2013 03 0.00 1133.40 10.34

Metal (Boulder) and

Other Sale2013 03 0.00 34.58 0.32

Income from Crane

Hire2013 03 0.00 24.12 0.22

Scrap 2013 03 0.00 3.69 0.03

Commission 2013 03 0.00 3.27 0.03

Insurance Claim

Received2013 03 0.00 2.11 0.02

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