Ahluwalia Contracts gains 12 percent on order win worth Rs 150 crore


Published On: Tuesday, July 12, 2022 | By:

Ahluwalia Contracts gains 12 percent on order win worth Rs 150 crore

Shares of Ahluwalia Contracts (India) gained 12 percent to Rs 467 on the BSE in Tuesday's intra-day deals, in an otherwise weak market, after the company secured new order worth Rs 150 crore from Ritnand Salved Education Foundation for the construction work of Amity Campus Bengaluru. Post this order, the total order inflow during the FY2022-23 stands at Rs863 crore. Last month, Ahluwalia Contracts secured an order worth approximately Rs 209 crore for the construction of Adani Connex Data Centers at Noida (UP) from D C Development Noida Ltd. The company had also secured new orders aggregating to Rs 442 crore for the construction of the National Police Academy in Nepal under a joint venture (JV). The total work order for this project was Rs 630.95 crore and the company's share is Rs 442 crore for its 70 percent share in the JV. n FY22, the company had recorded 35.8 percent growth in turnover at Rs 2,692 crore and Ebitda margin of 10.61 percent. As of March 31, 2022, the company's net o

Ahluwalia Contracts (India) Limited has a rich history of more than 5 decades in the construction industry in India and around the world in different areas of infrastructure development. ACIL is now one of India’s largest civil contractors.

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