Ahluwalia Contracts soars after bagging contracts worth Rs Rs 1,307 crore from SignatureGlobal

Under the first contract, the company will be responsible for the civil structure, mechanical, electrical and plumbing works as well as finishing works for all towers and basements and all other ancillary buildings at Project De-luxe DXP, Gurugram.

The real estate company would be required to undertake similar works at a different site in Gurugram, called Iconic Tower.

Both the projects have to completed within a period of 48 months. The first project is valued at Rs 1144 crore while the value of the second project is Rs 163 crore.

Ahluwalia Contracts' project portfolio encompasses projects across residential and commercial complexes, hotels, institutional buildings, hospitals and corporate offices, information technology (IT) parks and industrial complexes.

The company's consolidated net profit dropped 38.5% to Rs 30.56 crore in Q1 FY25 as compared to Rs 49.71 crore posted in Q1 FY24. Revenue from operations jumped 20.4% YoY to Rs 919.35 crore in Q1 FY25.