In a stock exchange filing, the company said it had received an order from Whiteland Corporation Pvt Ltd to construct residential towers for the “Urban Resort” project at Sector 103, Gurugram, valued at ₹821 crore. The project is expected to be completed within 36 months.
Separately, Ahluwalia has also been awarded a contract worth ₹282.56 crore by Nestled Haven Estates Pvt Ltd and Maia Estates Pvt Ltd for civil structure and architectural finishing work on a group housing project titled “The Beacon” in Bengaluru. This project will be executed over 32 months.
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Both contracts are for domestic residential developments and do not involve any related party transactions, the company clarified.
At 01:51 PM, shares of Ahluwalia Contracts (India) Ltd were trading at ₹987.50, up ₹45.10 or 4.79%, after hitting an intraday high of ₹996.90 on the NSE.
