Rs 11,180 crore order book: This multibagger civil construction company bags new orders worth Rs 893.48 crore from Airports Authority of India
The stock gave multibagger returns of 115 per cent in just 1 year, 300 per cent in 3 years and a whopping 1,386 per cent in a decade.
Leading Indian engineering, procurement, and construction (EPC) company Ahluwalia Contracts (India) Limited announced it secured a new order from the Airports Authority of India (AAI), a domestic entity. The contract involves constructing a new terminal building and related works at the Lal Bahadur International Airport in Varanasi using an EPC model. The project is valued at Rs. 893.48 crore (excluding GST) and must be completed within 36 months. Importantly, there are no conflicts of interest between Ahluwalia Contracts and the AAI.
Earlier, Ahluwalia Contracts (India) Limited was awarded a domestic contract worth Rs 572.00 crore (excluding GST) by the Airports Authority of India to construct a new terminal building, allied structures and handle external development works at the Darbhanga Airport in Bihar. The contract follows an Engineering, Procurement and Construction (EPC) Model and needs to be completed within 24 months.
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Order Book Update: The company have an order book of Rs 11,180 crore as of June 30, 2024, to be executed in the next 2 to 2.5 years.
Ahluwalia Contracts (India) Limited is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India. Additionally, the company has experience in working on residential, commercial, power plants, hospitals, hotels, IT parks, Metro stations & depots, etc. for Government as well as private clients. The company has a market cap of over Rs 9,000 crore.
Today, shares of Ahluwalia Contracts (India) Limited surged 0.03 per cent to Rs 1,475.95 per share with an intraday high of Rs 1,520 and an intraday low of Rs 1,414.15. The stock has a 52-week high of Rs 1,540 and a 52-week low of Rs 649.40.
The stock gave multibagger returns of 115 per cent in just 1 year, 300 per cent in 3 years and a whopping 1,386 per cent in a decade. Investors should keep an eye on this small-cap stock under their watchlist.
Disclaimer: The article is for informational purposes only and not investment advice.
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