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Ahluwalia Contracts bags orders worth Rs. 537 crores

Apurva Joshi
/ Categories: Mindshare
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Ahluwalia Contracts bags orders worth Rs. 537 crores

Ahluwalia Contracts (India) Limited has secured new orders, aggregating to Rs. 536.66 crores for the construction of an hospital and commercial projects, including electrical, plumbing, and firefighting services.

New orders include the construction of Sant Nirankari Mandal (Regd.) Hospital at Dheerpur Scheme Phase-1, New Delhi, for which Rs. 365 crores has been allotted, and construction/development of commercial Project for Nephronia Ecospaces at Pune, for which Rs.171.66 crores has been sanctioned.

Currently, the company is L1 in projects valued Rs. 519 crores.

Last month, it secured a new order, worth Rs. 208 crores, for the construction of NICL Work at Corporate Office Building, Rajarhat, Kolkata. It also bagged other novel orders, including the construction of Parivahan Parisar at Phulwarisarif Patna (Bihar) (Engineering Procurement and Construction Basis), worth Rs. 161 crores, and the construction of Bluegrass Residences — Residential  Development for Sagitarius Ecospaces LLP at Kalyani Nagar, Pune, worth Rs. 152.71 crores.

The total order inflow so far in FY20 stands at Rs. 1,985.96 crores. This current order book provides a revenue visibility for the year.

On Thursday, the stock of Ahluwalia Contracts opened at Rs. 283. In the morning trading session, it surged 3.4 per cent to Rs. 296.85.

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