Ahluwalia Contracts (India) Ltd, a leading name in India’s construction and engineering sector, has announced a major win with a new project award worth ₹396.50 crores, reinforcing its standing in the residential construction market. This announcement was made in compliance with Clause 30 of the SEBI (LODR) Regulations, 2015, and officially communicated to major Indian stock exchanges on 14th April 2025.

Overview of the Project Award

The new contract has been awarded by Godrej Properties Ltd, one of India’s most prominent real estate developers. The project is located at Godrej Riverine, Sector-44, Noida, Uttar Pradesh, and involves the construction of core and shell works for both substructure and superstructure across four residential towers—T1, T2, T3, and T4.

Additionally, the scope of work includes:

• NTA (Non-Tower Areas)

• Club and Retail spaces

• Boundary Wall

• Rain Water Harvesting (RWH) System

• Waterproofing

• Lightning Protection System (LPS)

This project is a comprehensive residential development, marking a significant contract for Ahluwalia Contracts in the Delhi-NCR real estate space.

Domestic Order with a 25-Month Timeline

The order has been awarded by a domestic entity and will be executed over a timeline of 25 months. It falls under the residential construction category, one of Ahluwalia’s key business verticals.

The total contract value stands at ₹396.50 crores (excluding GST). This large-scale order is expected to boost the company’s order book and revenue visibility for the upcoming fiscal years.

Regulatory and Compliance Aspects

As a listed entity, Ahluwalia Contracts is mandated to disclose material events to stock exchanges. The company’s compliance with Clause 30 of SEBI LODR Regulations reflects its commitment to transparency and good corporate governance.

The company has confirmed that:

• There is no promoter or group company interest in Godrej Properties Ltd.

• The transaction does not qualify as a related party transaction.

• The award has been made on a commercial basis under normal business terms.

Such timely disclosures enhance investor confidence and provide crucial updates to stakeholders, analysts, and shareholders.

Strategic Significance of the Project

Securing a contract from Godrej Properties is a major recognition for Ahluwalia Contracts. Godrej is known for its high standards in design, sustainability, and construction quality. Partnering with such a reputed developer highlights Ahluwalia’s:

• Technical capabilities

• Adherence to quality standards

• Efficient project delivery models

The project’s location in Noida Sector-44, a prime real estate hub, further adds to its strategic value. With increasing residential demand in NCR, particularly from premium and upper-mid-segment buyers, this project is expected to garner strong market interest upon launch.

Project Scope Breakdown

Here is a more detailed look at the scope of work involved in this project:

• Core & Shell Works: This includes structural construction of all towers, i.e., foundation, columns, beams, slabs, etc.

• Sub & Super Structure: Ensures all underground and above-ground work for the towers and amenities.

• Club & Retail Facilities: These add premium lifestyle features to the residential complex.

• Infrastructure Works: Includes site development like boundary walls, water harvesting, and waterproofing which are crucial for compliance and sustainability.

• Lightning Protection & Safety: Installation of LPS systems to enhance building safety standards.

This holistic scope reflects the trend toward integrated housing complexes with modern lifestyle amenities, which are increasingly in demand in urban India.

Financial and Market Impact

A ₹396.50 crore order significantly contributes to the consolidated revenue pipeline of Ahluwalia Contracts. Such large-scale project awards can lead to:

• Stronger quarterly performance

• Improved EBITDA margins

• Better resource utilization

• Increased valuation and analyst upgrades

For stock market participants, such announcements often act as a bullish signal, especially in the mid-cap construction segment. This could potentially lead to positive stock movement in the short term.

Ahluwalia’s Growing Order Book

With this latest win, Ahluwalia Contracts adds a high-value residential project to its diverse order portfolio. The company has been consistently securing projects across verticals such as:

• Healthcare & Hospitals

• Educational Institutions

• Commercial Buildings

• Hospitality Projects

• Public Infrastructure

This diversification insulates the company from sector-specific slowdowns and ensures steady cash flows and business continuity.

Corporate Governance and Transparency

Ahluwalia Contracts has earned respect in the industry not just for its technical execution but also for its corporate governance standards. Timely disclosures like this, clear mention of non-related-party status, and detailed project terms demonstrate its professional management approach.

Such practices are essential in a market where investor trust is deeply tied to transparency, especially in sectors like construction that are capital-intensive and execution-sensitive.

Conclusion

This project win is another testimony to Ahluwalia Contracts’ leadership in the Indian construction industry. A ₹396.50 crore housing contract from Godrej Properties, a marquee developer, enhances not just the company’s financial prospects but also its brand equity in the market.

The announcement is also a model of regulatory compliance, with disclosures made under SEBI Clause 30 to the BSE, NSE, and Calcutta Stock Exchange.

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