Ahluwalia Contracts bags orders worth 504 cr

17 Jun 2022 , 02:25 PM

The total work order for the joint venture project stood at Rs 630.95 crore. The companys share in the project is 70%, amounting to approximately Rs 442 crore. Further, the company also received an order for re-construction of Assam Bhavan Chanakyapuri in Delhi for Rs 62 crore. The total new order inflow for both projects aggregated to Rs 504 crore. Ahluwalia Contracts project portfolio encompasses projects across residential and commercial complexes, hotels, institutional buildings, hospitals and corporate offices, information technology (IT) parks and industrial complexes. On consolidated basis, the company reported 14.3% rise in net profit to Rs 42.34 crore despite of 4% fall in revenue from operations to Rs 730.86 crore in Q4 FY22 over Q4 FY21. Shares of Ahluwalia Contracts (India) were down 2.59% to Rs 387.20 on the BSE. Powered by Capital Market – Live News