Ahluwalia Contracts’ shares saw a 6% surge after the company announced it had secured a new project from Godrej Properties Ltd. As of 9:56 AM, the shares were trading 5.96% higher at Rs 913.95.
The contract, valued at ₹396.5 crores (excluding GST), involves construction work at the Godrej Riverine project in Sector-44, Noida, Uttar Pradesh. This win strengthens Ahluwalia Contracts’ position in the residential construction sector.
The scope of work includes core and shell construction for multiple towers (T1, T2, T3, and T4), along with essential infrastructure such as clubhouses, retail areas, rainwater harvesting systems, and more.
The project also involves the development of the NTA, boundary walls, waterproofing, and lightning protection systems. Set to be completed in 25 months, this residential housing development adds a significant milestone to Ahluwalia Contracts’ portfolio.
This new project bolsters Ahluwalia Contracts’ ongoing efforts in the residential construction space, especially in the Noida region, reinforcing its reputation for delivering high-quality construction services. The company’s latest success continues to demonstrate its strength in the competitive real estate market and positions it for future growth in the domestic sector.
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