UNITECH LTD Share Price

Unitech Group is a New Delhi-based real estate developer. It is involved in large-scale integrated real-estate development and infrastructure projects. Unitech develops commercial complexes, residential projects, IT/ITeS parks, SEZ, hotels, malls, townships, golf courses, schools and amusement parks. The company also provides power transmission services and telecom tower infrastructure.

It has developed more than 100 residential projects in Delhi, Lucknow, Bhopal, Chennai, Kolkata, Gurgaon, Greater Noida and other cities. Unitech Ltd was set up in 197. The company started as United Technical Consultant Private Ltd as a soil investigation company. It entered the construction business in 1975 and made a foray into the construction market of the Middle East in 1978.

Unitech started the real estate development in Gurgaon in 1986. The company formed a joint venture with Hyundai for manufacturing transmission towers in 1995.

It forayed into the hospitality business with the construction of Radisson Hotel Delhi in 1996. It also entered the amusement parks business in 2004 and developed Adventure Island in Delhi and Worlds of Wonder in Noida.

Unitech also built popular malls such as The Great India Place in Noida, Rohini Metro Walk in Delhi and Gurgaon Central in Gurgaon.

In 2008, Unitech also entered into the telecom services business through Unitech Wireless. The company formed a joint venture with Norway’s Telenor group to launch telecom services. It announced its exit from the telecom business in 2012 following the 2G spectrum allocation scam.

The Supreme Court in 2020 allowed the central government to take over the management control of Unitech Ltd after the company failed to deliver housing projects on time and could not refund money as per the directions of the court. The government appointed nominee directors on the Unitech board to complete pending projects of the company to provide relief to around 12,000 homebuyers.

Business operations

Unitech operates in four business segments.

• Real Estate development
• Property management
• Power transmission business
• Hospitality

UIn 2022-23, the real estate and related division contributed ₹158.28 crore to the total revenue of the company. The property management business contributed ₹136.9 crore and ₹167.18 crore came from the power transmission business in the last financial year. Hospitality and other segments contributed ₹29.59 crore towards the gross revenue.

Unitech has developed and leased IT/ITes and commercial office spaces in its Grade 'A' complexes in Gurgaon like Cyber Park, Global Business Parks, Signature Towers, Unitech Trade Centre and Unitech Business Park.

Unitech Ltd’s arm Unitech Power Transmission Ltd (UPTL), is an engineering and turnkey contracting company. It has expertise in setting up High voltage power transmission lines up to 800 kV.

UPTL is also a major supplier of galvanized steel lattice towers and structures in South Asia. UPTL provides solutions such as technical services, supplying and installing HVAC / HVDC power transmission systems, communication towers and special structures worldwide. The market capitalisation of Unitech Limited is over ₹4,200 crore as of January 31, 2024. Unitech share price has gained over 860% in the last three years.