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Ahluwalia Contracts bags new order worth Rs120.23 crore; stock jumps ~2%

21 Nov 2022 , 01:48 PM

Ahluwalia Contracts Limited informed that it has secured an order for the Construction of Lachit Moidam Memorial & Cultural Complex at Lahdoigarh, Jorhat, Assam from the Government of Assam, Office of Chief Engineer, PWD Building, Assam.

The company informed that the project is worth Rs120.23 crore (approx.).

The company further outlined that the inflow during the FY22-23 stands at Rs3,765 crore, to date.

With specialized experience in the Construction Industry for more than 40 years, Ahluwalia Contracts, have carved a niche for itself in the industry as one of the leading Civil Contractors in the country. It is amongst a select group of 3-4 contractors who are pre-qualified to bid for most of the mega-building projects in the country.

At around 1.46 PM, Ahluwalia Contracts was trading at Rs440.05 up by 1.75% from its previous closing of Rs432.50 on the BSE. The scrip touched intraday high and low of Rs451.80 and Rs427.25 respectively.

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