Ahluwalia Contracts surges 10% after securing Rs 4.27 bn work order

16 Jun 2023 CW Team

Ahluwalia Contracts specialises in civil construction activities but has also diversified its operations by developing and managing commercial complexes through licensing arrangements. The company is also engaged in the real estate trading business. Industry analysts foresee favourable prospects for Ahluwalia Contracts in the medium term, driven by government initiatives in the healthcare and education sectors, as well as the reconstruction of prominent government buildings. The expected revival in private sector capital expenditure is also anticipated to contribute to the company's revenue diversification and improved profitability.

Moreover, Ahluwalia Contracts boasts a geographically diversified order book, covering 14 Indian states and Nepal. The company has successfully executed projects across various states, including Bihar, Jammu and Kashmir, West Bengal, Delhi, Maharashtra, Uttar Pradesh, and Uttarakhand. Additionally, the company has strategically reduced its exposure to residential and real estate segments from private players while increasing its focus on sectors such as hospitals and educational institutions. This shift has resulted in reduced counterparty risk.

CARE Ratings has expressed a positive outlook for Ahluwalia Contracts, highlighting the company's potential medium-term benefits from government-led initiatives in the healthcare and education sectors, as well as the reconstruction of significant government buildings. The expected resurgence of capital expenditure in the private sector is also anticipated to enhance the company's revenue diversification and profitability, as stated in the rating agency's analysis.

Ahluwalia Contracts (India) witnessed a significant boost as its shares soared by 10% to reach Rs 643.95 on the BSE. The surge followed the company's recent triumph in securing a new work order valued at Rs 4.27 billion. This achievement propelled the stock of the civil construction company to a new all-time high, surpassing its previous peak of Rs 617.25 on May 29, 2023. According to an exchange filing, Ahluwalia Contracts has been awarded a contract for the construction of civil structures and external development work for a retail block at plot no. LP-1B-02 in DIAL II, Aerocity, New Delhi. The contract is valued at Rs 4.27 billion. With this new order, the company’s total order inflow for the current fiscal year 2023-24 stands at Rs 41.77 billion.Ahluwalia Contracts specialises in civil construction activities but has also diversified its operations by developing and managing commercial complexes through licensing arrangements. The company is also engaged in the real estate trading business. Industry analysts foresee favourable prospects for Ahluwalia Contracts in the medium term, driven by government initiatives in the healthcare and education sectors, as well as the reconstruction of prominent government buildings. The expected revival in private sector capital expenditure is also anticipated to contribute to the company's revenue diversification and improved profitability.Moreover, Ahluwalia Contracts boasts a geographically diversified order book, covering 14 Indian states and Nepal. The company has successfully executed projects across various states, including Bihar, Jammu and Kashmir, West Bengal, Delhi, Maharashtra, Uttar Pradesh, and Uttarakhand. Additionally, the company has strategically reduced its exposure to residential and real estate segments from private players while increasing its focus on sectors such as hospitals and educational institutions. This shift has resulted in reduced counterparty risk.CARE Ratings has expressed a positive outlook for Ahluwalia Contracts, highlighting the company's potential medium-term benefits from government-led initiatives in the healthcare and education sectors, as well as the reconstruction of significant government buildings. The expected resurgence of capital expenditure in the private sector is also anticipated to enhance the company's revenue diversification and profitability, as stated in the rating agency's analysis.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Resources

16 Sep 2025

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Real Estate

16 Sep 2025

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..