Ahluwalia Contracts shares in focus after Rs 1,100 crore order wins
Shares of Ahluwalia Contracts (India) are set to be in focus on Monday after the company announced two major construction project wins worth a combined Rs 1,103.56 crore, bolstering its already strong presence in India's residential infrastructure segment.
ADVERTISEMENT Ahluwalia Contracts (India) disclosed the contract wins in a regulatory filing dated June 27, to the BSE and NSE, in compliance with Clause 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The first order, worth Rs 821 crore, has been awarded by Whiteland Corporation Pvt Ltd. It pertains to the construction of a residential development named 'URBAN RESORT,' comprising seven residential towers located in Sector-103, Gurugram. The project is scheduled to be executed within 36 months.
The second project, valued at Rs 282.56 crore, was awarded by a joint venture between Nestled Haven Estates Private Ltd and Maia Estates Private Ltd. The scope includes civil structure and architectural finishing work for a group housing project named 'The Beacon' in Bengaluru. This project is slated for completion in 32 months.The company clarified that these projects do not involve any related party transactions and confirmed that there is no interest from the promoter, promoter group, or associated companies in the awarding entities.
ADVERTISEMENT For the financial year ended March 31, 2025 (FY25), Ahluwalia Contracts reported total revenue of Rs 4,154 crore and net profit after tax of Rs 201.5 crore. In Q4 FY25, the company posted revenue of Rs 1,215.84 crore, up from Rs 1,163.66 crore in Q4 FY24. However, net profit declined to Rs 83.33 crore from Rs 199.80 crore in the corresponding quarter a year earlier.The stock has been on a rebound in recent months. Despite a nearly 21% fall over the past year and a 4% dip in the last six months, shares have risen 20.5% in the past three months and are up 2% over the last one month.
ADVERTISEMENT Technically, the stock is trading above all its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, pointing to bullish momentum across timeframes.The Relative Strength Index (RSI) stands at 65.4, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 10.9 and continues to trade above both the center and signal lines, further supporting a positive technical outlook.
ADVERTISEMENT
Also read | Stocks in news: Torrent Pharma, Tata Steel, Adani Enterprises, NTPC Green, Asian Paints, HAL
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
43 minutes ago
- India.com
Amul is now top Indian food brand, second place goes to...; check full list here
Amul is the food brand in India. (File) Amul has retained its top spot as the food brand in India, with a brand valuation of $4.1 billion, while another dairy-focused firm, Mother Dairy, stood second, with a brand value pegged at $1.15 billion, according to the latest report by UK-based consultancy Brand Finance. As per the report, FMCG giant Britannia ranks third on the list, followed by Karnataka's Nandini dairy cooperative at fourth, and Dabur at fifth. Where do Amul and Mother Diary rank on list of top 100 Indian brands? Notably, Amul, which is marketed by Gujarat Cooperative Milk Marketing Federation (GCMMF), also features on the Brand Finance list of top 100 Indian brands across all sectors. The dairy cooperative is ranked 17th, while its main competitor, Delhi-based Mother Dairy, jumped six spots to rank 35th on the list. Commenting on the ranking, Jayen Mehta, Managing Director of GCMMF, said the achievement was a result of consumer trust and collective efforts by dairy farmers who are part of the cooperative. 'The achievement is a testament to the collective efforts of millions of dairy farmers and our unwavering commitment to providing high-quality, affordable food and dairy products to consumers,' Mehta was quoted as saying by the Business Standard. 'As Amul continues to grow and expand its footprint, both in India and internationally, this achievement reinforces our responsibility to uphold the trust placed in us by generations of Indian households,' he added. Mother Diary MD reveals expansion plans On a similar note, Manish Bandlish, Managing Director of Mother Dairy, termed his company's ranking as a 'a testament to our collective efforts', and dedicated the achievement to consumers, as well as farmers, employees and partners of the firm. 'Our rise among top five Indian food brands and also in India's top 100 brands across industries reflects more than numbers — it reflects the trust earned, relevance sustained, and the resilience of a brand that continues to evolve,' Bandlish said, according to the report. In an earlier report with the publication, the Mother Dairy MD had revealed the company's expansion plans, stating that the board had already approved around Rs 1,500 crore of investment combined in terms of Safal and dairy.
&w=3840&q=100)
First Post
an hour ago
- First Post
Why has Mazagon Dock bought controlling stake in Sri Lanka's Colombo dockyard?
Mazagon Dock, India's biggest warship builder, has bought a controlling interest in Colombo Dockyard PLC (CDPLC). The Indian government-run firm headquartered in Mumbai and chaired by ex-Indian Navy captain Jagmohan has bought Sri Lanka's biggest dockyard and publicly-listed company for $52.96 million (Rs 452 crore) in cash read more Mazagon Dock Shipbuilders Ltd has acquired a stake in a Sri Lankan dockyard. The Indian government-run firm bought a controlling interest in Colombo Dockyard PLC (CDPLC). But what do we know about the deal? And why has Mazagon Dock Shipbuilders bought a stake in the dockyard in Colombo? Let's take a closer look: What we know First, let's take a brief look at Mazagon Dock Shipbuilders. Mazagon Dock Shipbuilders is India's biggest warship builder. It was incorporated as a public firm in 1934. Headquartered in Mumbai, it is chaired by ex-Indian Navy captain Jagmohan. STORY CONTINUES BELOW THIS AD It has a market capitalisation of $15.12 billion (Rs 1,29,254 crore). It has a turnover of around $1.13 billion ( Rs 9,660 crore). Mazagon Dock Shipbuilders bought a 51 per cent stake in the CDPLC. CDPLC is Sri Lanka's biggest dockyard and a publicly-listed firm. Located within the port of Colombo, it has been in business for over five decades. Mazagon Dock Shipbuilders Limited Mazagon Dock Shipbuilders is India's biggest warship builder. The deal was made in cash for $52.96 million (Rs 452 crore). 'The Board of Directors of Mazagon Dock Shipbuilders Limited inter alia considered and approved the acquisition of a controlling and substantial stake of Colombo Dockyard PLC by way of an investment not exceeding $52.96 million (approximately Rs 452 crore) considering prevailing exchange rate) in the securities of CDPLC through a combination of primary subscription and secondary acquisitions from the shareholders of CDPLC,' a statement from Mazagon Dock Shipbuilders read. The CDPLC has been in poor financial health for a while. The firm saw a loss of Rs 70 crore in 2024. Onomichi Dockyard, which had controlling interest of CDPLC, approached both the Sri Lankan and Japanese governments for relief. Onimichi previously owned a 51 per cent stake in CDPLC. Why has it made this deal? Experts say the move is aimed at countering China's growing footprint in Sri Lanka as well as the IOR. China owns an 85 per cent stake in Hambantota International Port Group (HIPG). It also has a 99-year lease on Sri Lanka's Hambantota International Port (HIP). Experts also say the deal gives MDL a foothold into the Indian Ocean Region (IOR). Despite the CDPLC's recent financial difficulties, the port's strategic location and history could make it an invaluable asset for MDL. STORY CONTINUES BELOW THIS AD After all, the CDPLC is the Sri Lankan government's leading shipbuilder and ship repair firm. It services over 200 ships every year – and can handle vessels up to 125,000 DWT. It also has clients and government contracts across Asia, West Asia, and Africa. It is known for building complex offshore support vessels, cable-laying ships, tankers, and patrol boats for clients across Japan, Norway, France, the UAE, India, and several African nations. It is Sri Lanka's only shipyard which offers an integrated portfolio of services-ranging from in-house design and construction to advanced repair and marine steel fabrication. The move also helps out Sri Lanka. This because the Sri Lanka Employees' Provident Fund owns 16 per cent of the CDPLC, its insurance fund owns around 9 per cent and the ports authority owns five per cent. The CDPLC going under would have also meant the loss of jobs for those employed at the dockyard. It could also be the first step towards MDL becoming a global player in shipbuilding. STORY CONTINUES BELOW THIS AD This is the first time an Indian shipbuilding firm, either state-owned or private, has bought a shipyard overseas. 'With this, MDL begins its transformation from a domestic shipbuilder to a regional maritime player with global ambitions," Mazagon Dock Shipbuilders Limited wrote on its social media account on X. 'Aligned with Maritime Amrit Kaal Vision 2047, this move strengthens India's regional maritime influence and expands MDL's global reach,' it added. 'This is not just an acquisition, it is a gateway. It marks our first international foray and reflects our ambition to transform into a global shipbuilding enterprise. With Colombo Dockyard's strategic location, proven capabilities, and strong regional presence, this step will position MDL as a key player in South Asia and lay the foundation for our emergence as a global shipyard,' MDL chairman Captain Jagmohan said. 'With this acquisition, MDL positions itself not only to strengthen its presence in the region (IOR) but also to enhance its competitiveness in the global shipbuilding and marine engineering arena,' an MLD spokesperson added. STORY CONTINUES BELOW THIS AD With inputs from agencies
News18
an hour ago
- News18
Ajit Pawar Proposes Extra Funds For Infrastructure, Backward Communities; NCP-SP Questions Move
Apart from large-scale projects, part of this allocation will be used for the upcoming Nasik Kumbh Mela's planning and execution. In a major move to strengthen Maharashtra's development goals, Deputy Chief Minister and Finance Minister Ajit Pawar presented supplementary demands worth over Rs 57,509 crore during the ongoing monsoon session of the state legislature. This additional funding will mainly go towards building and expanding essential infrastructure such as roads, metro rail projects, and irrigation schemes. Apart from large-scale projects, part of this allocation will be used for the upcoming Nasik Kumbh Mela's planning and execution, ensuring that the state is prepared to manage the massive gathering smoothly. The supplementary demands also focus on supporting vulnerable and backward communities. Funds have been earmarked for important social welfare schemes like the Mahatma Jyotirao Phule Health Scheme and the Sanjay Gandhi Niradhar Anudan Yojana. Scholarships for students from backward sections of society are also covered under these new demands. Out of the total amount, over Rs 19,000 crore will go towards essential expenses, while more than Rs 34,000 crore is set aside for various planned programs. A portion of the funding, about Rs 3,664 crore, will come under centrally sponsored schemes, reducing the direct burden on the state exchequer. Among the specific allocations, the largest share – over Rs 11,000 crore – will be spent on grants recommended by the 15th Finance Commission. Another significant portion, around Rs 3,200 crore, is planned for metro projects and reimbursements to municipal bodies like municipal corporations and councils. Additionally, nearly Rs 2,200 crore is being arranged as margin money loans for cooperative sugar factories through the National Cooperative Development Corporation, supporting the state's crucial sugar industry. Though the gross demand stands at over Rs 57,000 crore, the net burden on the state's finances is estimated to be around Rs 40,645 crore, making this push both ambitious and calculated to balance development with fiscal responsibility. Social welfare remains a strong focus in these supplementary demands. Funds will strengthen the Mahatma Jyotirao Phule Health Scheme and the Sanjay Gandhi Niradhar Anudan Yojana, which provide health security and financial assistance to vulnerable and underprivileged families. Scholarships for students from backward communities are also included, ensuring that deserving students can pursue education without financial hurdles. However, the Opposition has questioned the move. Former Finance minister and NCP(SP) leader Jayant Patil, asked, 'Such huge supplementary demands will put extra burden on the state. If the govt is saying that they have no money for other projects and welfare schemes and state is already under the huge debt, then how they are going to pass such huge supplementary demands?" By tabling this sizeable supplementary budget, the Maharashtra government has shown that it wants to speed up big-ticket projects while also reaching the state's most backward and weaker sections. The focus is on creating better roads, faster urban mobility, stronger rural infrastructure, and wider social safety nets, aiming for balanced growth across the state. First Published: June 30, 2025, 17:27 IST
