Ahluwalia Contracts bags new orders worth ~Rs 311 cr; stock up 4.7%: 16 Nov 2017

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Ahluwalia Contracts (India) Limited has bagged new orders worth ~Rs 311 cr for the construction of Institutional, Hospital, and Commercial including Electrical, Plumbing and Firefighting services.

Ahluwalia Contracts (India) Ltd is currently trading at Rs 333.35, up by Rs 14.9 or 4.68% from its previous closing of Rs 318.45 on the BSE.
Ahluwalia Contracts (India) is one of India’s leading EPC (Engineering, Procurement, and Construction) companies with a pan India presence. The company is engaged in construction of wide range of structural buildings such as hospitals, hotels, educational institutions, etc.

New orders worth of Rs. 171 cr for construction of 300 Beds Hospital in existing premises of ESIC Hospital Kolkata and worth Rs. 140 cr for other construction work.

Company is currently L1 in project valued ~Rs. 315 cr and the projects bedded under pipeline are Rs. 1600 cr.

The total order inflow during FY17-18 stands at ~Rs. 866 cr.

The stock is currently trading above its 200 DMA.

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