Shares of Ahluwalia Contracts (India) Ltd skyrocketed 13% on 3 June after the company announced securing two orders worth Rs 2,245.15 crore. 

In its regulatory filing, the company said that the first contract is for construction and development of games and jewellery park in Mahape, Navi Mumbai worth Rs 2,157 crore from India Jewellery Park, Mumbai, which has to be completed in 32 months. 

The second contract is from Daffodil Hotel Private Limited for undertaking the civil work for Park Hyatt, which is located in the Mormugao District of South Goa, for a total consideration of Rs 88.15 crore and has to be completed in 15 months. 

Ahluwalia Contracts (India) Limited currently holds a total order book value of Rs. 19,706.7 crore, with an unexecuted order book standing at Rs. 11,179 crore. The composition of this order book is as follows: Infrastructure accounts for 33.6%, Hospital for 24.8%, Institutional for 18.9%, Residential for 13.6%, Commercial for 8%, and Hotel for 1.1%.

Ahluwalia Contracts (India) Limited is a company that specialises in engineering, procurement, and construction (EPC) services. They are dedicated to providing advanced infrastructure and building projects to clients both in India and abroad. Currently, they have more than 50 ongoing projects spread across 15 states in India and overseas.

The company has a robust clientele comprising renowned entities such as Reliance, TATA, NBCC, DLF, Namma Metro, Rites, ITC, Max Healthcare, Indiabulls, Brigade Enterprises, Honda, Engineers India, Fortis Hospitals, and numerous others.

At 3:30 pm, the shares of Ahluwalia Contracts were trading 4.62% higher at Rs 1,226 on NSE.