Recent Award of Rs. 888.38 Crores
AHLUCONT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ahluwalia Contracts has secured a major domestic order worth Rs. 888.38 Crores (including GST) from Bihar State Tourism Development Corporation Ltd. The order is for the construction and overall development of Shri Ram Janmabhoomi Tirtha Kshetra at Punauradham, the birthplace of Mother Sita in Sitamarhi District, Bihar, to be executed on an EPC basis. The project has an execution timeline of 42 months and falls under the civil construction category. The company clarified that the order is domestic, with no promoter or related-party interest involved. The filing was made under SEBI LODR Clause 30.
This is a sizeable single order for the company and is likely to be materially significant relative to its annual revenue, providing good revenue visibility over the next 3.5 years. Positively viewed as it strengthens the order book from a government client.