Ahluwalia Contracts gains on securing orders worth Rs 199.86 crore

31 Mar 2016

Ahluwalia Contracts (India) is currently trading at Rs. 284.00, up by 3.20 points or 1.14% from its previous closing of Rs. 280.80 on the BSE.

The scrip opened at Rs. 284.90 and has touched a high and low of Rs. 288.10 and Rs. 275.70 respectively. So far 2035 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 303.00 on 06-Jan-2016 and a 52 week low of Rs. 189.20 on 16-Jun-2015.

Last one week high and low of the scrip stood at Rs. 288.10 and Rs. 259.00 respectively. The current market cap of the company is Rs. 1875.65 crore.

The promoters holding in the company stood at 62.43% while Institutions and Non-Institutions held 28.77% and 8.80% respectively.

Ahluwalia Contracts (India) has secured new orders aggregating to Rs 199.86 crore for construction of institutional building, including electrical, plumbing & firefighting services.  Of total, the company has bagged new orders worth of Rs 115 crore for extension of construction work for Amity University campus Kolkata, it won contract worth Rs 49.86 crore for construction of school building for anandilal & ganesh podar society mumbai, while the company has secured order worth Rs 35 crore for extension of construction work for Bennett University Greater Noida.

The company is currently L1 in project valued around Rs 965 crore and the projects bided under pipeline are Rs 2500 crore. The total order inflow during the FY 2015- 2016 stands at Rs 1534.04 crore. The company’s unexecuted order book as on date stands at Rs 4025 crore.

Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality.

 

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