Shares of Ahluwalia Contracts (India) Ltd rallied 5% on 28 August after the company announced that they had secured an order worth Rs 350.3 crore for constructing a housing complex in Chhattisgarh from Bharat Aluminium Company (BALCO). 

In its regulatory filing, the company said that it will design and build 756 2-BHK apartments on an engineering, procurement, and construction basis at BALCO, Kobra in Chhattisgarh, which has to be completed in 28 months. 

Earlier in July, the company said that they had secured an order worth Rs 893.48 crore from the Airports Authority of India to construct a new terminal building and the allied works on an engineering, procurement, and construction (EPC) model. 

Earlier, on 5 July, the company secured a Rs 572 crore contract from the Airports Authority of India to construct a new terminal building, along with allied structures and external development works, at Darbhanga Airport in Bihar.

Ahluwalia Contracts’ project portfolio spans a diverse range of construction projects, including residential and commercial complexes, hotels, institutional buildings, hospitals, corporate offices, IT parks, and industrial complexes.

At 3:30 pm, the shares of Ahluwalia Contracts closed 1.93% higher at Rs 1,301 on NSE.

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