Penny stock under Rs 65 hit upper circuit after bagging new order worth Rs 11,25,04,305 from Larsen & Toubro Ltd
The company has a market cap of Rs 144 crore and stock is up by 54 per cent from its 52-week low of Rs 39.50 per share.
Aluwind Architectural Ltd has secured a significant order worth Rs 11,25,04,305 (excluding GST) from Larsen & Toubro Ltd. (Realty Division) to execute the facade work for their prestigious commercial development project (Tower A) in Coimbatore, Tamil Nadu. The project will commence on January 15th, 2025 and is expected to be completed within 12 months. This is a domestic contract and Aluwind Architectural Ltd does not have any existing interest in Larsen & Toubro Ltd.
Earlier, Godrej Projects Development Limited awarded an order to Aluwind Architectural Ltd for the Supply, Installation, Testing, and Commissioning (SITC) of Aluminum Windows and Railing works at their premium "Godrej Gardens" project in Mumbai. The total contract price for this project is Rs 7,60,06,347 excluding GST. This is a domestic contract with a 24-month completion timeline from the date of order acceptance.
About the Company
Aluwind Architectural Limited, established in 2003, is a prominent manufacturer and installer of various aluminium products. The company has a strong presence in the Indian market, with operations in major cities such as Mumbai, Pune, Bangalore, and Hyderabad. Their manufacturing facility in Pune spans 45,000 square feet, enabling them to produce high-quality products like windows, doors, curtain walls, cladding, and glazing systems.
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With a diverse client base that includes builders, developers, PMCs, architects, and institutional clients, Aluwind has successfully secured large-scale projects through competitive bidding, often partnering with renowned real estate giants like L&T and Birla. Their strategic partnership with Eternia, a leading product line from Hindalco, further strengthens their market position and distribution network in the MMRDA region.
On Tuesday, shares of Aluwind Architectural Ltd hit a 5 per cent upper circuit to Rs 60.80 per share from its previous closing of Rs 57.95 per share. The shares of the company have an ROE of 36 per cent and an ROCE of 36 per cent. The company has a market cap of Rs 144 crore and stock is up by 54 per cent from its 52-week low of Rs 39.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.