Ahluwalia Contracts Awarded ₹397 Crore Order for Godrej Riverine Project.
Godrej Properties: Ahluwalia Contracts has secured a significant ₹397 crore order from Godrej Properties for the construction of the Godrej Riverine project located in Sector-44, Noida. This order encompasses the core and shell construction of four towers (T1, T2, T3, and T4), along with the construction of a clubhouse, retail area, boundary wall, rainwater harvesting system, waterproofing, and LPS (Lightning Protection System) work.
Ahluwalia Contracts' Growing Expertise
Ahluwalia Contracts is an engineering and construction company operating in both the public and private sectors. The company possesses expertise in diverse projects, including residential, commercial, power plants, hospitals, hotels, IT parks, metro stations, and depots.
Share Price Surge and Investor Signals
Ahluwalia Contracts' share price closed at ₹861.40 on Friday, registering a 4.30% increase. Over the past month, the share price has witnessed a 20.34% rise, although it remains 44% below its 52-week high of ₹1540.
Investor Focus on Ahluwalia Contracts' Shares
Given the company's acquisition of this large and significant project, the shares may present an attractive opportunity for investors. This ₹396.5 crore project, slated for completion within the next 25 months, is poised to further accelerate the company's growth.
