Ahluwalia Contracts secures order worth Rs. 522 crore

Today, Ahluwalia Contracts informed the bourses that it has secured orders worth Rs. 521.71 crores. Of these, an order worth Rs. 208 crores, includes construction of NICL Work at Corporate Office Building, Rajarhat, Kolkata. Another order of Rs. 161 crores include construction of the Parivahan Parisar at Phulwarisarif Patna (Bihar) (Engineering Procurement and Construction Basis). Further, the company has also secured an order worth Rs. 152.71 crores for construction of Bluegrass Residences - Residential Development for Sagitarius Ecospaces LLP at Kalyani Nagar, Pune.

During fiscal year 2019-20, the company witnessed order inflow of Rs. 14,49.30 crores. Earlier, the company has guided the order inflow of Rs. 2,000 crores. On quarter ended June 2019, the overall order book of Ahluwalia Contracts was at Rs. 6,700 crores, translating to a book-to-bill of 3.8x on FY19 revenue and giving strong revenue visibility for the next 3-4 years.

In today’s trading session, the stock of Ahluwalia Contracts was trading flat. The stock opened at Rs. 304.5 and settled for the day at Rs. 303 per share.