Shares of the Delhi-based construction company -Ahluwalia Contracts - rose as much as 8.43 per cent to hit an intraday high of Rs 273.20 after the company informed exchanges that it has been awarded a construction order worth Rs 309.44 crore.
Ahluwalia Contracts has bagged an order worth Rs 309.44 crore for construction of high-rise multi storied residential complex in Bhubaneswar."We are pleased to inform you that Ahluwalia Contracts (India) Limited has secured new order aggregating to Rs.309.44 Crores (approx.) for Construction of High-rise Multi Storied residential Complex, located at Z-1, Project, Phase-Ill, Nandankanan Road, Kalarahanga, Bhubaneswar (Orissa)," Ahluwalia Contracts said in a press release.The company's total order inflow for current financial year stands at Rs 2,086.44 crore, Ahluwalia Contracts added.As of 3:11 pm, Ahluwalia Contracts shares traded 4 per cent higher at Rs 262, outperforming the Sensex which was up 0.5 per cent.