Ahluwalia Contracts Bags Rs.389 Cr. Worth Orders

Alhuwalia Contracts India Pvt. Ltd has secured new orders aggregating to about Rs 389.8cr for construction of institutional, commercial including electrical, plumbing & fire fighting services. The new orders are worth Rs 261.33cr for construction of renovation & modernization of Milan Mela at Kolkata and Rs106.2cr for construction of building, renovation of building for Bennett Coleman & Co. Ltd and Rs 22.28cr for other construction work. The total order inflow during the FY18- 19 stands at Rs 1,624.8cr. The stock ended at Rs 413 up by Rs 8.25 or 2.04% from its previous closing of Rs 404.75 on the BSE. The scrip opened at Rs 409 and touched a high and low of Rs 417 and Rs 400.20 respectively. Ahluwalia Contracts is one of India’s leading EPC (Engineering, Procurement and Construction) companies with a huge pan-India presence. The company is engaged in construction of wide range of structural buildings such as hospitals, hotels, educational institutions, etc. Its order book comprises of institutional - 29%, residential - 24%, hospital - 21% and infrastructure - 12%. The ‘Adopt a Heritage’ project, brainchild of Ministry of Tourism, along with the Ministry of Culture and the Archaeological Survey of India, was launched on World Tourism Day 2017 by President Ram Nath Kovind. It aims to develop the monuments, heritage and tourist sites across India by inviting corporate entities, public sector companies or individuals to ‘adopt’ them for a period of five years.