Ahluwalia Contracts

CLOSING BELL: Sectorally, defensive indices like the Nifty FMCG and Pharma held gains as they rose 0.8 per cent and 0.4 per cent

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

The company's total order inflow during the current financial year 2022-23 stands at Rs 863 crore

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against construction firm Ahluwalia Contracts India Ltd for defaulting on payments to an operational creditor. The New Delhi-based NCLT bench allowed the insolvency plea filed by A2 Interiors Products Pvt Ltd against Ahluwalia Contracts, claiming default of Rs 14.10 crore, and appointed an interim resolution professional. Ahluwalia Contracts had engaged A2 Interiors Products for interior, furnishing and allied civil and electrical works at various project sites. It had supplied materials to Ahluwalia Contracts as part of various work orders issued for six projects at different locations in the country, according to the NCLT order. It had raised invoices against each work order, which were duly received by Ahluwalia Contracts, however, it failed to release the full payment. Later, in May 2019, A2 Interiors had issued a notice to Ahluwalia Contracts under the Insolvency & Bankruptcy Code (IBC) demanding Rs

Ahluwalia Contracts (India) Ltd on Monday said it has bagged contracts worth Rs 661 crore for construction as well as electrical works in the national capital and Haryana. In a regulatory filing, the company said it has secured new orders aggregating to Rs 129 crore for electrical works of medical college at Village Koriyawas distt Mohinder Garh (Haryana) from Haryana PWD, B&R. The company bagged another work order worth Rs 532 crore from Central Public Works Department (CPWD), New Delhi for construction related work on Engineering, Procurement, and Construction (EPC) basis at K G Marg and Africa Avenue, Near Sarojini Nagar Depot. The total order inflow of Ahluwalia Contracts (India) Ltd during FY20 stood at Rs 3,900.96 crore, the filing said. Shares of the company were trading at Rs 323.10 a piece on BSE, down 1.30 per cent from the previous close.

The stock was 7% to Rs 305 on the BSE, after the company received a new order of Rs 4.25 billion (approx) for construction of government medical college & hospital building at Chapra, Bihar.

The total order inflow during the current financial year stands at Rs 1,360.98 crore

The small-cap company has equity capital of Rs 13.40 crore. Face value per share is Rs 2

The total order inflow during the current financial year stands at Rs 1,209.59 crore

The total order inflow during the current financial year stands at Rs 965.46 crore