Ahluwalia Contracts scores big with Rs 364 crore stadium construction deal in Assam!

Today, shares of Ahluwalia Contracts (India) Limited surged by over 0.94%, with the company’s current market capitalization standing at Rs 6,980.77crore.

Recent Development: 

The company announced that it has secured a contract valued at Rs 364 crore from the Assam government to build an open stadium in the state. With this addition, the total order inflow for the current financial year amounts to Rs 6,537 crore.

The newly acquired project entails the construction of an open stadium at the Amingaon sports complex and is expected to be completed within 24 months.

About the Company:

The company specializes in engineering and contract construction, providing cutting-edge infrastructure and building projects for clients across India.

With extensive experience, it has successfully executed projects in various sectors including residential, commercial, institutional, corporate offices, power plants, hospitals, hotels, IT parks, Metro stations and depots, and automated car parking lots, catering to both governmental and private clients.

Business Developments:

The company primarily focuses on construction activities, which make up 99.73% of its operations, highlighting its core competency in this sector.

Further zooming into capital expenditure, it is predominantly directed towards construction contracts (59.56%), with notable allocations for investment property (5.85%). Geographically, India remains the primary market, accounting for 99.34% of the company’s activities, with minimal presence in other countries. This strategic emphasis on construction, coupled with targeted investments, reflects the company’s focused approach to business growth.

Furthermore, the stock has witnessed significant buying activity, yielding multibagger returns of more than 121% in the last one year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.