Ahluwalia Contracts surges 5% on construction orders of Rs 473cr

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Moneycontrol Bureau

Ahluwalia Contracts (India) shares gained nearly 5 percent intraday Monday on bagging construction projects worth Rs 472.81 crore.

".....has secured orders aggregating to Rs 472.81 crore for construction of institutional, hospital and residential building, including electrical, plumbing and firefighting services," the New Delhi-based construction company said in its filing.

Out of which, Rs 313 crore is for construction of residential complex for National Cancer Institute at Jhajjar Haryana, Rs 115.60 crore for construction of regional centre for National Security Guard at Kolkata and worth Rs 44.21 crore for civil, finishing and plumbing works for Tata Medical Centre at Kolkata.

With this, total order inflow during FY16-17 stood at Rs 965.46 crore, it said.

At 10:21 hours IST, the scrip of Ahluwalia Contracts India was quoting at Rs 299.70, up Rs 13.40, or 4.68 percent on the Bombay Stock Exchange.Posted by Sunil Shankar Matkar