Small Cap Construction Company Received Project Worth Rs 199.58 Crores, Stock Hit 52-Week High

Ahluwalia Contracts (India) Limited has informed that it has secured an order from Indian Financial Technology and Allied Services for Civil Structural, Facade, and Related External Development Works for Enterprise Computing and Cybersecurity Training Institute in Bhubaneshwar, Orrisa. The value of the project is Rs 199.58 Crores.

Award Project worth of Rs 199.58 Crores

"Recent Award Project worth of Rs. 199.58 Crores for Civil Structural, Facade and Related External Development Works for Enterprise Computing and Cybersecurity Training Institute at Bhubaneshwar, Orrisa," Ahluwalia Contracts (India) Ltd. said in an exchange filing.

A	Name of the Entity awarding the order(s)/contract(s);	Indian Financial Technology and Allied Services
B	Significant terms and conditions of order(s)/contract(s) awarded in brief;	Civil Structural, Facade and Related External Development Works for Enterprise Computing and Cybersecurity Training Institute at Bhubaneshwar, Orrisa from Indian Financial Technology and Allied Services, project
C	Whether order(s) / contract(s) have been awarded by domestic/ international entity;	Domestic - from Indian Financial Technology and Allied Services
D	Nature of order(s) / contract(s);	Institutional & Residential
E	Whether domestic or international;	Domestic
F	Time period by which the order(s)/contract(s) is to be executed;	20 Months
G	Broad Consideration or size of the order(s)/ contract(s);	Rs. 199.58 Crores
H	Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof;	No
I	Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at ?arms length?.	No

Stock Outlook

On Thursday, the shares of Ahluwalia Contracts (India) Ltd. last traded at Rs 664.95 apiece, down 3.10% from its previous close of Rs 6862.20 apiece on BSE. The stock hit its 52-week high today at Rs 695 apiece. While the stock hit its b52-week low on Nov 15, 2022, at Rs 398.85 apiece.

The stock declined 1.95% in the past 1 week and jumped 8.37% in the past 2 weeks. It has given 28.73% positive return in 3 months and 30.69% in the past 6 months. It gave 46.46% positive return in the past 1 year. It gave 207.07% positive return in the past 3 years. It gave 99.21% positive return in the past 5 years. It gave 2291.91% positive return in the past 10 years.

About - Ahluwalia Contracts (India) Limited

Ahluwalia Contracts (India) Limited is a Construction sector company engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India.
The company has experience in working on residential, commercial, institutional, and corporate offices, power plants, hospitals, hotels, Metro stations and depots, IT parks, and automated car parking lots for Government as well as private clients. It is a small-cap company. It has a market capitalisation of Rs 4,454.34 Crore.