Ahluwalia Contracts gains 6% on orders win worth Rs 390cr
Date: May 14, 2018
Shares of Ahluwalia Contracts India rose 6.6 percent in the opening trade on Monday as company secured new orders worth Rs 390 crore.
The orders include construction of institutional, commercial including electrical, plumbing and fire fighting services.
The orders include, construction of renovation & modernization of Milan Mela at Kolkata worth of Rs 261.33 crore & Rs 106.20 crore of order for construction of building, renovation of building for Bennett Coleman & Co.
Also, order worth of Rs 22.28 crore for other construction work.
The total order inflow during the FY 2018- 2019 stands at Rs 1624.81 crore, as per company release.
The share touched its 52-week high Rs 445.00 and 52-week low Rs 236.00 on 08 May, 2018 and 11 August, 2017, respectively.