Multibagger infra stock engaged in providing EPC and civil construction services in focus upon receiving 3 work orders worth Rs. 338.95 Crores for providing engineering, procurement, and construction (EPC) services.
With a market capitalization of Rs. 7,686 Crores, the shares of Ahluwalia Contracts (India) Limited were trading at Rs. 1,147.45, up 1.18 percent from its previous day’s close price of Rs. 1,134.10. It has delivered multibagger returns of 140 percent in a year.
Ahluwalia Contracts (India) Limited has received 3 work orders worth Rs. 338.95 Crores from 3 entities followingly.
The first order is received from the Ritnand Balved Education Foundation for the construction of Amity University, Phase-2, (AU) Ranchi Campus, Jharkhand, the order is worth Rs. 75 Crores, it is to be executed within 15 months.
Secondly, it has secured an order worth Rs. 90 Crores from Bird Hotel Jewar Pvt. Ltd for the construction of Bird Hotel, Noida International Airport, it is to be executed within 15 months.
Lastly, it has secured a work order worth Rs. 173.95 Crores from CINDA Engineering & Construction Pvt. Ltd, it is a Sub-Contract Work from CINDA’s Bangalore for Civil Work of Foxconn Elephant Project, to be executed within 9 months.
Ahluwalia Contracts (India) Limited is an engineering, procurement, and construction (EPC) company engaged in the business of providing civil construction activities by delivering state-of-the-art infrastructure and building projects for clients in India and abroad.
Ahluwalia Contracts (India) has a gross order book of Rs. 18,647 Crores and its segment-wise breakup is as follows, Infrastructure 31.9 percent, Hospital 24.7 percent, Institutional 23.6 percent, Residential 11.8 percent, Commercial 7.6 percent. and Hotel 0.4 percent.
It has a strong customer base, with well-known players like NBCC, DLF, Rites, ITC, Max Healthcare, Indiabulls, Brigade Enterprises, Honda, Fortis Hospitals, and many others.
Written by: Bharath K.S
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