This firm, which has its presence in engineering, procurement, and development (EPC), introduced that it bagged a major order price from Godrej Properties. On this article, we’ll take a look at the announcement.
Worth Motion
With a market capitalization of Rs 6,118 crore, the shares of Ahluwalia Contracts (India) made a 52-week excessive of Rs 1,542.45 per share, down by 41 p.c from its present market worth of Rs 912.30 per share. The inventory has given a destructive return of 18.28 p.c over the past six months.
Concerning the announcement
On Monday, the corporate introduced that it has bagged an order from Godrej Properties price Rs 396.50 crore (excluding GST). The scope of the contract consists of the core and shell works for the sub and superstructure of all 4 towers, specifically T1, T2, T3, and T4, on the Godrej Riverine residential venture in Sector-44, Noida, Uttar Pradesh.
The order additionally encompasses development of further infrastructure, together with the NTA, Membership and Retail areas, boundary wall, rainwater harvesting (RWH) programs, waterproofing, and LPS works, thus making it a complete development package deal. The venture is scheduled to be accomplished inside the subsequent 25 months.
Moreover, the corporate clarified that there isn’t a involvement of promoter or promoter group curiosity within the awarding entity, Godrej Properties, and that the deal doesn’t qualify as a associated occasion transaction. This transparency in governance possible provides additional confidence for shareholders and potential buyers.
Additionally learn: Transmission inventory skyrockets 9% after successful ₹1,085 Cr order in T&D section
Monetary Highlights
The corporate reported a income of Rs 952 crore in Q3 FY25, down by 7.2 p.c, from its Q3 FY24 income of Rs 1,026 crore. It posted a internet revenue of Rs 49 crore in Q3 FY25, down by 31 p.c, from its Q3 FY24 internet revenue of Rs 71 crores, and up by 29 p.c from its Q2 FY25 internet revenue of Rs 38 crores. As of 31 December 2024 ,the corporate has an unexecuted order guide of Rs 16,258 crore.
Concerning the Firm
Ahluwalia Contracts (India) Restricted is a number one engineering, procurement, and development (EPC) firm, with a diversified portfolio throughout residential, industrial, institutional, healthcare, industrial, and infrastructure initiatives.
It operates via Building Contract, Lease Rental, and Different segments, and can also be engaged in actual property buying and selling and industrial leasing. It serves a large shopper base together with central and state governments, PSUs, and personal actual property builders.
Written by Satyajeet Mukherjee
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