Ahluwalia Contracts Stock Jumps 6.73% on ₹394 Crore Contract News!

Ahluwalia Contracts (India) has recently secured a substantial contract valued at ₹394.36 crore from Emaar India Ltd, leading to a significant uptick in the company's stock by 6.73% on the NSE. As of 11:39 am on Monday, the stock was trading at ₹923.55.

The contract, as outlined in the stock exchange filing, entails the construction of residential towers and clubhouse facilities for PH-I & II (T1, T2, T3, T4, NTA, Club & EWS) at Urban Oasis, Sector-62, Gurgaon, Haryana. The agreed-upon timeline for project completion spans 30 months.

In tandem with this achievement, Ahluwalia Contracts (India) is gearing up for its board meeting scheduled on February 13, 2024, where they will review and approve the financial results for the quarter ending December 2023. This forthcoming event underscores the company's active and robust engagement within the construction industry.

News by Rahul Yelligetti