Ahluwalia Contracts, during its exchange filing, on Saturday, June 1 announced that it has secured two major orders worth a cumulative INR 2,245.15 Crore. The company has won orders worth INR 2,157 Crore and INR 88.15 Crore, from India Jewellery Park and Daffodil Hotel Pvt Ltd, respectively.
India Jewellery Park Order (INR 2,157 Crore): Ahluwalia Contracts received an order from India Jewellery Park in Mumbai to construct and develop a gems and jewellery park. It would be set up in Mahape, Navi Mumbai. The project is expected to be completed within 32 months.
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Park Hyatt Civil Work Order (INR 88.15 Crore): The company also secured a contract from Daffodil Hotel Pvt Ltd for undertaking the civil work of Park Hyatt, located in the Mormugao District of South Goa. The estimated completion time for this project is 15 months.
Additionally, Ahluwalia Contracts reported impressive financial results for the fiscal year ending March 31, 2024. Its consolidated revenue from operations grew by nearly 35% to INR 1,163.66 Crore in the March quarter compared to the year-ago period.
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