Ahluwalia Contracts experienced a substantial surge in its share price following the announcement of winning two work orders from Signature Global. The projects involve construction activities for residential sites in Gurugram, with the company set to earn revenues of Rs 1,144 crore and Rs 163 crore from the two separate ventures, to be completed within the next 48 months.
Despite recording a drop in net profit during the April-June quarter of financial year 2024-25, Ahluwalia Contracts witnessed a notable 20.4% increase in revenue from operations year-on-year. The company's market capitalization stands at Rs 8,318.59 crore, with its shares trading at 5.37% higher at Rs 1,263 during the morning session on the BSE on Tuesday.
Ahluwalia Contracts, a prominent player in the construction industry, has diversified its activities into developing and operating commercial complexes under licensing agreements, in addition to engaging in real estate trading. The company boasts a varied project portfolio, including residential and commercial complexes, hotels, institutional buildings, hospitals, corporate offices, IT parks, and more, showcasing its versatility and expertise in the sector.