Ahluwalia Contracts Secures ₹350 Crore Order for Housing Complex in Chhattisgarh
Contents
- 1 Ahluwalia Contracts order Chhattisgarh
- 1.1 Ahluwalia Contracts Secures ₹350 Crore Order for Housing Complex in Chhattisgarh
- 1.1.1 Details of the New Contract
- 1.1.2 Recent Project Wins
- 1.1.3 Stock Performance
- 1.1.4 Conclusion
- 1.1.5 FAQs:
- 1.1.5.1 1.What is the value of the new order secured by Ahluwalia Contracts?
- 1.1.5.2 2.What will be constructed under this new contract?
- 1.1.5.3 3.What is the project timeline for this order?
- 1.1.5.4 4.What other recent projects has Ahluwalia Contracts secured?
- 1.1.5.5 5.How has Ahluwalia Contracts’ stock performed recently?
- 1.1.5.6 6.Who is the client for the new housing complex project?
- 1.1.5.7 7.What type of contract is being used for the Chhattisgarh project?
- 1.1.5.8 8.Where is the housing complex project located?
- 1.1.5.9 9.What are the recent achievements of Ahluwalia Contracts in the aviation sector?
- 1.1.5.10 10.How does Ahluwalia Contracts’ stock trend reflect on its market performance?
- 1.2 Ahluwalia Contracts order Chhattisgarh
- 1.3 Union Cabinet Greenlights 12 Industrial Smart Cities with ₹28,602 Crore Budget—A Game-Changer for Manufacturing
- 1.1 Ahluwalia Contracts Secures ₹350 Crore Order for Housing Complex in Chhattisgarh
Ahluwalia Contracts order Chhattisgarh
Ahluwalia Contracts Secures ₹350 Crore Order for Housing Complex in Chhattisgarh
Ahluwalia Contracts has recently secured a significant order worth ₹350.3 crore from Bharat Aluminium Company Limited (BALCO) to construct a housing complex in Chhattisgarh. The contract involves the design and construction of 756 two-bedroom apartments on an Engineering, Procurement, and Construction (EPC) basis. This latest project is expected to be completed within 28 months. The company’s stock has seen a positive reaction following this announcement.
Details of the New Contract
On August 28, 2024, Ahluwalia Contracts announced that it has been awarded a major contract to build a housing complex in Kobra, Chhattisgarh. The project will involve:
- Project Scope: Construction of 756 two-bedroom apartments.
- Contract Type: EPC (Engineering, Procurement, and Construction).
- Location: BALCO, Kobra, Chhattisgarh.
- Timeline: The project is set to be completed in 28 months.
This order adds to the company’s expanding portfolio of large-scale projects and demonstrates its continued growth in the construction sector.
Recent Project Wins
In addition to the Chhattisgarh housing project, Ahluwalia Contracts has recently secured other notable orders:
- ₹893.48 Crore Order: In July 2024, the company received a substantial order from the Airports Authority of India (AAI) for constructing a new terminal building and allied works on an EPC basis.
- ₹572 Crore Order: Earlier on July 5, 2024, the company was awarded another major project by AAI for the construction of a new terminal building and associated structures at Darbhanga Airport in Bihar.
Stock Performance
Following the latest announcement, Ahluwalia Contracts order Chhattisgarh, Ahluwalia Contracts’ shares traded 1.97% higher at ₹1,301.5 apiece as of 2:35 PM on August 28, 2024. The stock has shown impressive growth, gaining 65.8% so far this year. This upward trend reflects positive investor sentiment and confidence in the company’s expanding project portfolio.
Conclusion
Ahluwalia Contracts’ recent order from BALCO for the construction of a large housing complex in Chhattisgarh highlights the company’s strong position in the construction sector. The new project adds to its list of significant achievements this year, demonstrating its capability to handle large-scale and diverse construction projects. Ahluwalia Contracts order Chhattisgarh, With a solid track record and robust financial performance, Ahluwalia Contracts continues to be a key player in the industry.
FAQs:
1.What is the value of the new order secured by Ahluwalia Contracts?
A. The new order is worth ₹350.3 crore.
2.What will be constructed under this new contract?
A. The contract involves the design and construction of 756 two-bedroom apartments.
3.What is the project timeline for this order?
A. The project is scheduled to be completed in 28 months.
4.What other recent projects has Ahluwalia Contracts secured?
A. The company recently secured ₹893.48 crore and ₹572 crore orders for airport construction projects.
5.How has Ahluwalia Contracts’ stock performed recently?
A. The stock is up 65.8% this year and was trading 1.97% higher at ₹1,301.5 apiece as of August 28, 2024.
6.Who is the client for the new housing complex project?
A. The client is Bharat Aluminium Company Limited (BALCO).
7.What type of contract is being used for the Chhattisgarh project?
A. The project is being executed on an Engineering, Procurement, and Construction (EPC) basis.
8.Where is the housing complex project located?
A. The project is located in Kobra, Chhattisgarh.
9.What are the recent achievements of Ahluwalia Contracts in the aviation sector?
A. The company secured major orders for constructing new terminal buildings and related works for Airports Authority of India.
10.How does Ahluwalia Contracts’ stock trend reflect on its market performance?
A. The significant stock gain indicates strong investor confidence and positive market performance.
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