Multibagger Infra stock engaged in providing EPC and civil construction services for clients in India and abroad jumped 14 percent in the day’s trade upon receiving multiple work orders worth Rs. 2,245.15 Crores.
With a market capitalization of Rs. 8,200 Crores, the shares of Ahluwalia Contracts (India) Limited were trading at Rs. 1,224.25, up 4.69 percent from its previous day’s close price of Rs. 1,169.45. It has delivered multibagger returns of 108 percent in a year.
Ahluwalia Contracts (India) has received 2 work orders worth Rs. 2,245.15 Crores. The first work order is received from India Jewellery Park, Mumbai, for a consideration of Rs. 2,157 Crores for providing Design, Engineering, Procurement and Construction (EPC) services for the Construction & Development of Gems & Jewellery Park in Mahape, Navi Mumbai. It should be executed within 15 months.
The 2nd work order is received from Daffodil Hotel Private Limited for a consideration of Rs. 88.15 Crores for the Civil work for Park Hyatt Goa Pocket at 131 Arossium Village Taluka Mormugao Distt South Goa. It should be executed within 15 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. It has 50+ Ongoing Projects across 15 States and Overseas.
Ahluwalia Contracts (India) Limited has a gross order book of Rs. 19,706.7 Crores and an unexecuted order book of Rs. 11,179 Crores, its segment-wise breakup is as follows, Infrastructure 33.6 percent, Hospital 24.8 percent, Institutional 18.9 percent, Residential 13.6 percent, Commercial 8 percent. and Hotel 1.1 percent.
It has a strong customer base, with well-known players like Reliance, TATA, NBCC, DLF, Namma Metro, Rites, ITC, Max Healthcare, Indiabulls, Brigade Enterprises, Honda, Engineers India, Fortis Hospitals, and many others.
Its Revenue from operations grew by 34.83 percent from Rs. 863.05 Crores in Q4FY23 to Rs. 1,163.66 Crores in Q4FY24, accompanied by profits of Rs. 72.16 Crores to Rs. 199.8 Crores.
Written by: Bharath K.S
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