Ahluwalia Contracts (India) Limited has bagged a major residential construction order worth ₹2,089 crore (excluding GST) from DLF Limited. The project, titled “The Dahlias” DLF5, is located in Gurugram and involves civil and structural works, including rough finishing.
This is a domestic contract and is scheduled to be completed within 44 months. The project is part of a high-end housing development by DLF, one of India’s leading real estate players. The order does not involve any related party transactions, and there is no promoter group interest in the awarding entity.
This significant win further strengthens Ahluwalia Contracts’ position in the premium residential infrastructure segment.
In the meantime, Ahluwalia Contracts shares opened at ₹984.00 and, at the time of writing, climbed to a high of ₹1,055.20 during the session, before touching a low of ₹980.00. The stock remains well below its 52-week high of ₹1,490.00, while staying comfortably above its 52-week low of ₹620.00.
