+
Ahluwalia sees a 9% increase after bagging contract
Real Estate

Ahluwalia sees a 9% increase after bagging contract

After announcing that it had received a fresh contract worth Rs 1.5 billion, Ahluwalia Contracts (India) saw a 9.12 percent increase to Rs 454.40.

The order includes building the Amity Campus Bengaluru, according to a filing made by the civil construction company. Ritnand Salved Education Foundation granted the order.

The business reported that it received Rs 8.63 billion in orders overall for the FY 2022–23.

The project portfolio of Ahluwalia Contracts includes work on hotels, institutional buildings, corporate offices, hospitals, residential and commercial complexes, information technology (IT) parks, and industrial complexes.

In spite of a 4 per cent decline in operating revenue to Rs 7.30 billion in Q4 FY22 compared to Q4 FY21, the company recorded a 14.3 per cent increase in net profit to Rs 42.34 crore on a consolidated basis.

After announcing that it had received a fresh contract worth Rs 1.5 billion, Ahluwalia Contracts (India) saw a 9.12 percent increase to Rs 454.40. The order includes building the Amity Campus Bengaluru, according to a filing made by the civil construction company. Ritnand Salved Education Foundation granted the order. The business reported that it received Rs 8.63 billion in orders overall for the FY 2022–23. The project portfolio of Ahluwalia Contracts includes work on hotels, institutional buildings, corporate offices, hospitals, residential and commercial complexes, information technology (IT) parks, and industrial complexes. In spite of a 4 per cent decline in operating revenue to Rs 7.30 billion in Q4 FY22 compared to Q4 FY21, the company recorded a 14.3 per cent increase in net profit to Rs 42.34 crore on a consolidated basis.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code