Ahluwalia Contracts (India) Limited has informed the Exchange about General Updates
AHLUCONT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ahluwalia Contracts has secured a new order worth Rs. 393.04 Crores (excluding GST) from the Airport Authority of India (AAI), a domestic government entity. The contract involves the development of a new Greenfield Airport at Bundi, Kota, Rajasthan, under a building construction scope. The project is to be completed within 18 months. There is no promoter or related party interest in the awarding entity, and the transaction is at arm's length.
This is a meaningful order win for the company, adding to its order book and providing revenue visibility over the next 18 months. The order from a reputed government client like AAI strengthens the company's credibility in the infrastructure/aviation construction space and is likely to be viewed positively by investors.