Ahluwalia Contracts has received two contracts worth Rs 1,307 crore

Ahluwalia Contracts (India) Ltd. was founded on June 2, 1979, after starting out as an EPC company in 1965. In July 1979, the company bought the operations of four partnership firms involved in construction, and in September 1990, it became a public limited company. One of the top construction companies, Ahluwalia Contracts, is renowned for its ability to complete projects of the highest caliber on schedule and within budget. Ahluwalia Contracts has made a name for itself as a dependable partner for customers looking for effective and dependable construction solutions by placing a strong emphasis on innovation and sustainability. They stand out in the industry for their dedication to quality and client satisfaction, which makes them a great option for a variety of construction projects.

Two projects totaling Rs. 1307 crore have been awarded to Ahluwalia Contracts:

Ahluwalia Contracts, a real estate company based in Mumbai, announced on Monday that it had secured orders totaling ₹1307 crore to complete the basements and towers of two Gurugram housing projects.

Under the first contract, the company will be responsible for the civil structure, mechanical, electrical, and plumbing works as well as finishing works for all towers and basements and all other ancillary buildings at Project De-luxe DXP, Gurugram.

The real estate company will have to carry out the same work at the Iconic Tower, a separate location in Gurugram.

Two years will be the duration of both orders, the company stated in an exchange filing. The company stated that the Iconic Tower order is worth Rs. 163 crore, whereas the Project De-luxe order is valued at Rs. 1144 crore.

With 7% intraday gain, Ahluwalia Contracts (India) Ltd.’s stock is soaring in rocket:

Ahluwalia Contracts (India) Ltd. is currently trading at Rs. 1,234.60 per share, up more than 3% from this morning’s session when the company gained two projects worth Rs. 1307 crore. The stock has increased more than 7% intraday, with the highest traded price being Rs. 1,280.50 per share. Shares of Ahluwalia Contracts increased 6.78% to Rs 1,280 on the BSE. As a result, the stock has increased by 61% in 2024 thus far and by 76% in the last year.

Conclusion: The fact that Ahluwalia Contracts (India) Ltd. was awarded two projects totaling Rs. 1307 crore indicates that the company is succeeding in its construction projects.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.