Ahluwalia Contracts Share Price Rises Over 8% After ₹396 Crore Order from Godrej Properties

Market Performance

On April 15, 2025, the share price of Ahluwalia Contracts (India) Ltd rose by more than 8 percent, reaching an intraday high of ₹933.60 on the Bombay Stock Exchange. Despite the recent surge, the stock remains 39 percent below its 52-week high of ₹1,540 recorded in July 2024. However, it has significantly recovered, climbing over 50 percent from its 52-week low of ₹620.65 in February 2025. The stock gained 12 percent in April, following a 27 percent increase in March. This upward trend comes after a weak start to the year, with a 16.5 percent fall in January and a 24 percent decline in February.

Construction Order Announcement

Ahluwalia Contracts has received a major domestic construction contract valued at ₹396.50 crore (excluding GST) from Godrej Properties. The contract involves work on the Godrej Riverine residential project in Sector-44, Noida, Uttar Pradesh. It covers core and shell construction for the substructure and superstructure of four towers—T1, T2, T3, and T4.

The project also includes constructing several infrastructure components, including the NTA, Club and Retail facilities, boundary walls, rainwater harvesting systems, waterproofing, and LPS works. The total project duration is 25 months.

Company Statement and Project Governance

In a disclosure made per regulatory requirements outlined by SEBI regarding listed entities, the company clarified that Godrej Properties, the awarding entity, has no association with the promoter or promoter group. As a result, the transaction is not considered a related party transaction, highlighting a transparent and compliant process.

Summary

Ahluwalia Contracts has secured a ₹396.50 crore construction order from Godrej Properties for its Godrej Riverine project in Noida. The project includes structural and infrastructure development and is expected to be completed in 25 months. Following this announcement, Ahluwalia Contracts' share price surged over 8 percent, continuing a broader trend of recovery seen in recent months.