Ahluwalia Contracts Performance Analyzed
Ahluwalia Contracts (India) saw a significant increase in its stock price, jumping 5.70% to Rs 1008.90. This rise was primarily driven by a major new order they’ve received. The company was awarded a contract worth Rs 888.38 crore by the Bihar State Tourism Development Corporation (BSTDC).
Key Points
- Large order secures Rs 888.38 crore revenue opportunity.
- BSTDC contract focuses on construction at Punauradham, Bihar.
- Project includes development of Shri Ram Janmabhoomi Tirtha Kshetra.
- Project timeline: 42 months for completion.
- Ahluwalia Contracts: A diversified, integrated construction firm.
- Company reported strong revenue and profit growth in Q2.
This new order involves building and developing the Punauradham site in Sitamarhi, Bihar – specifically the location of Shri Ram Janmabhoomi Tirtha Kshetra, where Mother Sita was born. The total value of the project is Rs 888.38 crore, and Ahluwalia Contracts is expected to finish it within 42 months.
Ahluwalia Contracts is a well-established company that offers complete construction services. They can handle everything from designing buildings to actually building them. The company has successfully completed many types of projects, including residential complexes, hospitals, and even large-scale infrastructure projects.
Furthermore, the company’s overall sales increased by 16.4% compared to the previous year. Their profit after tax increased dramatically, soaring 104.8% year-over-year, reaching Rs 78.6 crore. These impressive financial results demonstrate the company’s growing success and market strength.
Strategic investments and successful project execution are key to Ahluwalia Contracts’ continued expansion.
