Ahluwalia Contracts Secures Major Rs 397 Cr Order from Godrej Properties for Noida Project
In a significant business development, Ahluwalia Contracts has recently won a substantial contract worth Rs 397 crore from Godrej Properties. This project is set to take place at Godrej Riverine in Sector-44, Noida, Uttar Pradesh.
The contract involves undertaking the core and shell works of the sub and superstructures for all towers (T1, T2, T3, and T4) at the site. In addition to the core construction tasks, the scope of work includes the development of the NTA (Nucleus Treatment Area), club & retail areas, boundary walls, rainwater harvesting (RWH) systems, waterproofing, and lightning protection system (LPS).
The project is expected to be completed within 25 months, which sets a clear timeline for Ahluwalia Contracts to deliver the required work on time. This major contract adds to the company’s growing portfolio of projects across various sectors, including residential and commercial complexes, hotels, hospitals, IT parks, and industrial facilities.
Ahluwalia Contracts: A Company with a Diverse Portfolio
Ahluwalia Contracts is a prominent name in the civil construction industry, with a diverse portfolio spanning multiple sectors. The company’s expertise covers residential and commercial complexes, institutional buildings, hospitals, corporate offices, IT parks, and industrial complexes. As they continue to expand their project portfolio, their reputation for delivering high-quality work on time remains a key factor in securing such prestigious contracts.
Also Read: Godrej Properties Shatters Sales Record with ₹10,163 Cr in Q4 FY25
A Glimpse into Ahluwalia’s Financials
Despite the recent win, Ahluwalia Contracts has seen a decline in their consolidated net profit for the second quarter of FY25. The company’s net profit fell by nearly 30%, from Rs 55.07 crore in Q2 FY24 to Rs 38.67 crore in Q2 FY25. On the positive side, the company’s revenue from operations increased by 12.19% year on year (YoY), reaching Rs 1,011.48 crore for the quarter ending 30 September 2024. This demonstrates that while profits have taken a hit, the company is still seeing positive growth in its operations.
Stock Performance
The news of the Rs 397 crore order helped Ahluwalia Contracts’ stock price rise by 4.30%, closing at Rs 861.40 on the Bombay Stock Exchange (BSE) last Friday. This positive movement in the stock market reflects the market’s confidence in the company’s ability to successfully execute this major project and continue its growth trajectory.
Also Read: Godrej Properties Sells Homes Worth ₹2,000 Crore in Noida’s Luxury Project Launch
A Bright Future for Ahluwalia Contracts
This new contract with Godrej Properties is expected to be a significant boost for Ahluwalia Contracts as it continues to establish itself as a leader in the construction industry. The company’s expertise in handling large-scale, complex projects makes it a strong contender for more opportunities in the future.
With a steady increase in revenue, a diverse project portfolio, and a strong market presence, Ahluwalia Contracts is well-positioned for continued success. Investors and industry stakeholders are likely to closely monitor the company’s progress on the Godrej Riverine project, as its timely completion will further solidify the company’s reputation in the industry.
Also Read: Godrej Astra Shatters Records! ₹1,000 Crore Sold in a Day – What’s the Secret?
