Ahluwalia Contracts bags order worth Rs 352.98 crore; Stock hits upper circuit

Ahluwalia Contracts bags order worth Rs 352.98 crore; Stock hits upper circuitNew Delhi based civil engineering contracting firm, Ahluwalia Contracts India has secured various orders worth Rs 352.98 crore from different vendors for construction-related works.

The company got the first order worth Rs 64.84 from Apollo Hospitals Enterprises for supplying, installation and commissioning of various items.

The company secured second order, which is valued at Rs 27.03 crore from Jindal Stainless for civil construction works at Orissa.

The company won the third order worth Rs 81 crore from Rites Limited for construction of hotels and flats in Delhi.

The fourth order, which is valued at Rs 109.47 crore has been awarded to company by Bangalore Metro Rail Corp, for construction works at Orissa.

The company received the fifth order worth Rs 2.80 crore from Serveall Land Developers in Jaipur and sixth order worth Rs 23.50-crore order from Advanced Medicare & Research Institute at Bhubaneswar.

Further, the company bagged seventh and eight order, which are valued at Rs 5.27 crore and Rs 23.82 crore respectively, from Central Public Works Department.

The company pocketed last order worth Rs 13.11 crore from Vedanta Aluminium.

During today's trading session, the scrip of Ahluwalia Contracts hit upper circuit at Rs Rs 48.95, up 4.93 per cent on the BSE.

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