Ahluwalia Contracts (India), a construction contractor is expecting order inflows of Rs 2,600 crore in FY12 which would lead to a 20 percent rise in revenues despite of difficult industry environment. The firm expects orders from real estate, power and urban infrastructure among others while at the same time admits that there are problems in the real estate, construction and infrastructure sectors. The company had an order inflow of Rs 2,100 crore in FY11.
Recently in April, the company secured new orders aggregating to Rs 535 crore (approx) in the fourth quarter of 2010-11 for construction of residential, commercial, hotel, institutional buildings including services of electro-mechanical and plumbing and firefighting. The company received new orders aggregating to Rs 141.50 crore and Rs 184 crore for construction of residential and commercial buildings respectively in major cities from leading developers. Further, it had secured orders aggregating to Rs 142.18 crore for construction of hotels and Rs 34 crore for construction of institutional buildings. Also, orders worth Rs 33.02 crore were bagged in this quarter in services segment.
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.