Ahluwalia Contracts gets New Orders for Construction of Various Buildings

Ahluwalia Contracts (India) Ltd has secured new orders aggregating to Rs 389.8cr (approx.) for construction of institutional, commercial including electrical, plumbing and firefighting services.

The new orders worth of Rs 261.33cr for construction of renovation and modernization of Milan Mela at Kolkata and worth of Rs 106.2cr for construction of building, renovation of building for Bennett Coleman & Co. Ltd and worth Rs 22.28cr for other construction work. The total order inflow during the FY18- 19 stands at Rs 1,624.8cr.

The stock ended at Rs 413 up by Rs 8.25 or 2.04% from its previous closing of Rs 404.75 on the BSE. The scrip opened at Rs 409 and touched a high and low of Rs417 and Rs400.20 respectively.

Ahluwalia Contracts (India) is one of India’s leading EPC (Engineering, Procurement and Construction) companies with a pan-India presence. The company is engaged in construction of wide range of structural buildings such as hospitals, hotels, educational institutions, etc. Its order book comprises of institutional – 29%, residential (pvt)-  24%, hospital – 21% and infrastructure – 12%.

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