Rs 197,067 million order book and FIIs increase stake: This multibagger infrastructure stock bags new order worth Rs 482 crore!
Shares of the company gained more than 35 per cent in the last six months.
Ahluwalia Contracts Limited has secured a significant project from Birla Arnaa LLP, a joint venture between Birla Estate and M S Ramaiah Reality. This domestic contract involves civil structural and architectural work for the Birla Trimaya project in Devanahalli, Bengaluru. The project is divided into two phases, with Phase 1 requiring completion within 31 months and Phase 2 within 39 months. The total value of this portion of the contract is estimated at Rs. 383.98 crore.
In addition to the Birla Trimaya project, Ahluwalia Contracts has also been awarded a separate contract for MEP (Mechanical, Electrical, and Plumbing) work. This project involves the construction of an enterprise computing and Cybersecurity Training Institute in Bhubaneswar. The value of this contract is Rs. 98.80 crore (excluding GST) and is expected to be completed within 15 months.
Recently, Ahluwalia Contracts Limited secured two major orders totaling over Rs. 2,245 crores. The first project, valued at Rs. 2,157 crores, was for a Gems & Jewellery Park in Mahape, Navi Mumbai India Jewellery Park. The second order, worth Rs. 88.15 crore, is a domestic civil work contract for the construction of the Park Hyatt Hotel in Goa for Daffodil Hotel Private Limited.
Ahluwalia Contracts (India) Limited is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India. The company has an order book of Rs 197,067 million. FIIs increased their stake in the company in March 2024. The stock has also delivered multibagger returns of over 200 per cent in the last three years.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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