Ahluwalia Contracts (India) has received an approval to sell the investment i.e. equity share capital in its 100% wholly owned subsidiary ‘Ahlcon Ready Mix Concrete’ through disinvestment. The board of directors at its meeting held on March 26, 2014 has approved for the same.
Subsequent to this disinvestment by the company, Ahlcon Ready Mix Concrete will cease to be the 100% wholly owned subsidiary company of Ahluwalia Contracts (India).
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.