Ahluwalia Contracts shares surge 6% after winning Rs 2,089 crore DLF housing project in Gurugram
Shares of Ahluwalia Contracts (India) Ltd jumped sharply by 6% on Monday after the company secured a large-scale residential construction project worth ₹2,089 crore (excluding GST) from real estate giant DLF Limited. As of 3:06 PM, the shares were trading
The project, titled 'The Dahlias' DLF5, is located in Gurugram and involves civil and structural works, including rough finishing. The order is domestic and is expected to be completed in 44 months.
This deal marks a significant addition to Ahluwalia Contracts' growing order book and strengthens its presence in the premium housing segment. The company clarified that the contract does not involve any related party transactions or promoter group interest.
Investors responded positively to the development, pushing the stock higher amid optimism about continued project wins in the infrastructure space.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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