Shares of Ahluwalia Contracts (India) Ltd experienced its highest session in over four months, rising over 7% after the company announced securing a Rs 396.5 crore order from Godrej Properties. 

This contract covers the core and shell construction of all towers (T1 through T4) at Godrej Riverine in Sector-44, Noida, Uttar Pradesh. The NTA, club and retail areas, boundary wall, rainwater collection, waterproofing, and lightning protection systems are currently under construction. The project must be accomplished in 25 months.

Ahluwalia Contracts (India) Ltd. was founded in 1965 as an EPC company.  It was formally incorporated on June 2, 1979, and took over the operations of four construction partnership firms the next month. By September 1990, it was transformed into a Public Limited company.  

Ahluwalia Contracts, which specializes mostly in civil construction, has expanded its scope to encompass the development and management of commercial complexes under licensing agreements, as well as real estate trading. It is recognized as one of India’s leading integrated construction enterprises.

At 3:30 pm, the shares of Ahluwalia Contracts closed 5.15% higher at Rs 907 on NSE.

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