Ahluwalia Contracts (India) shares gained as much as 6.35 per cent on Monday after the company on Friday post market hours informed bourses that it has secured new orders aggregating to Rs 492.65 crore for construction of institutional and commercial building, including electrical, plumbing and firefighting services.
At 12.26 pm, shares of Ahluwalia Contracts were trading 3.93 per cent up at Rs 288. The scrip opened at Rs 289 and has touched a hgh and low of Rs 294.70 and Rs 285.80, respectively, in trade so far.
Later, the scrip closed 1.55 per cent up at Rs 281.40.
New orders worth of Rs 401.59 crore for construction of South Asian University campus at New Delhi and worth of Rs 91.06 crore for structure and finishing working of Brookfield Assets Management Ltd.
In a BSE filing, the company said, “We are currently L1 in project valued around Rs 673 crore and the projects bidded under pipeline are Rs 1,800 crore.”
The total order inflow during the FY 2016-17 stood at Rs 492.65 crore. The company’s unexecuted order book as on date stands at Rs 4,507 crore.