Ahluwalia Contracts strengthens on securing contracts worth Rs 628 crore

Ahluwalia Contracts (India) is currently trading at Rs. 69.30, up by 4.90 points or 7.61% from its previous closing of Rs. 64.40 on the BSE. The scrip opened at Rs. 64.10 and has touched a high and low of Rs. 69.50 and Rs. 64.00 respectively. So far 40038 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 70.00 on 21-Apr-2014 and a 52 week low of Rs. 15.55 on 18-Sep-2013. Last one week high and low of the scrip stood at Rs. 70.00 and Rs. 58.80 respectively. The current market cap of the company is Rs. 429.30 crore. The promoters holding in the company stood at 72.61 % while Institutions and Non-Institutions held 13.48 % and 13.92 % respectively. Ahluwalia contracts (India) has secured new orders aggregating to Rs.628.00 crore (Approximately) for Construction of Institutional, Hospital, Residential, including electrical plumbing & Firefighting Services. The company has received first order worth Rs. 339.00 crore for construction work for 2128 EWS & 348 Category II Houses and Design & Build Basis in Pocket I C at Sector A-l to A-4, Naxela internal Development & Electrification, Delhi Development Authority (DDA), Delhi. The company has received second order worth Rs.155.00 crore for construction of Infrastructure work for National Intelligence Grid (NATGRID) Andheria Mod, New Delhi, awarded from National Building Construction Corporation (NBCC), in Delhi NCR. The company has received third order worth Rs 33.00 crore for Construction of High Rise Building Tarang at Shristi Nagar, Asansol, West Bengal. The company has received fourth order worth Rs.47.00 crore for Construction of civil finishing work for Residential REHAB Building, Awarded from HDILWishpering Tower at Mumbai Oxygen Compound, Mulund, Mumbai. The company has received fifth order worth Rs. 35.00 crore for Construction of Residential Building at Mumbai. The company has received sixth order worth Rs. 19.00 crore for miscellaneous work. Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality