Small-cap company gets ₹397 crore order from Godrej Properties, keep an eye on the stock

On Tuesday, April 15, everyone will be watching the shares of Ahluwalia Contracts Limited. The company has informed that it has received an order of Rs 397 crore from Mumbai-based real estate developer Godrej Properties Limited. Ahluwalia Contracts said in an exchange filing that it has won an order for core and shell work of sub and super structure for all towers (T1, T2, T3 and T4) including NTA, club and retail, boundary wall, RWH, waterproofing and LPS work in the Godrej Riverinehd project in Sector-44 of Noida.

The company said that this order of Rs 396.5 crore excluding GST has to be completed in the next 25 months. The promoter or any other group company has no stake in this order. According to the report, Ahluwalia Contracts focuses on engineering and contract construction, providing advanced infrastructure and building products for customers across India. Share performance Ahluwalia Contracts shares closed at Rs 860.20 on Friday with a gain of 3.96 percent. In the last one year, the company's stock has seen a decline of 19.71 percent. 

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