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Ahluwalia Contracts secures new orders worth Rs 555.77cr

3 October 2017 (12:46PM)

Ahluwalia Contracts has secured new orders aggregating to ~Rs 555.77cr for construction of Institutional, Residential Building & Commercial including Electrical, Plumbing & Fire Fighting.

As per BSE notifications, the company has secured new orders aggregating to ~Rs 555.77cr for construction of Institutional, Residential Building & Commercial including Electrical, Plumbing & Fire Fighting.

Of the ~Rs 555.77cr of new orders, orders worth Rs 255cr are for construction of redevelopment pool of residential colony in New Delhi, worth ~Rs 173cr for construction of Bennett University at Greater Noida and, orders worth ~Rs 127.77cr for other construction work.

The company is currently L1 in projects valued at ~ Rs 486cr and the projects bided under pipeline are Rs 1,800cr as per the announcement. It further stated that the total order inflows during FY18 stand at ~Rs 556cr.

Its total order book (net) as on June 30, 2017 stood at ~Rs 3,041cr which is at 1.9x its TTM sales and with further inflows, the order book is likely to be executed over the next two and half years, providing strong revenue visibility.

The promoters holding in the company stood at 57.96 % while Institutions and Non-Institutions held 34.7 % and 7.35 % respectively. The stock is currently trading above its 200 DMA.

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