Ahluwalia Contracts (India) secures new project worth Rs512 crore; Stock soars 1.4%

10 Aug 2022 , 02:43 PM

Ahluwalia Contracts (India) Ltd stocks rally in the market during Wednesday’s late afternoon session after announcement of receipt of Award for New Project worth of Rs512 crore.

As per the filing, the company has secured new order from CPWD Hamirpur, Division-II, HP for Construction of Permanent Campus of Central University of Himachal Pradesh at Dehra and Jadrangal (Dharamshala), District – Kangra, (H.P.) on Engineering, Procurement and Construction (EPC Mode 1) Basis worth of Rs512 crore.

The order inflow during the FY 2022-23 stands at Rs2864.13 crore, till date, the company said.

At around 2:45 PM, Ahluwalia Contracts (India) was currently trading at Rs459.20 per share up by Rs6.4 or 1.41% from its previous closing of Rs452.80 per share on the BSE.