Ahluwalia Gets ₹397 Cr Order From Godrej Properties for Noida Project
Published • 14 April 2025 at 6:48 AM
Ahluwalia Wins ₹396.5 Cr Godrej Project in Noida
Ahluwalia Contracts has bagged a major order worth ₹396.5 crore (excluding GST) from real estate giant Godrej Properties, boosting investor sentiment ahead of the next trading session on Tuesday, April 15. Markets remain closed on April 14 in observance of Dr. Babasaheb Ambedkar Jayanti. The contract involves core and shell construction of all towers (T1–T4), NTA, club and retail spaces, boundary wall, rainwater harvesting systems, waterproofing, and LPS works at the prestigious Godrej Riverine project in Sector-44, Noida. The project is expected to be completed in 25 months. This order further strengthens Ahluwalia’s growing presence in India’s real estate and infrastructure space. Known for its high-quality execution, the company has a strong portfolio spanning residential, commercial, hospitality, healthcare, IT parks, metro stations, and government infrastructure. Despite recent pressure on earnings, with Q3 FY25 PAT down 30% YoY to ₹49.39 crore, the stock saw a 4.30% rise on Friday, closing at ₹861.40. Over the past year, however, it has declined 19.24%, trailing its sector by over 20%. This fresh order could act as a positive catalyst and marks a strong vote of confidence from a leading developer like Godrej Properties.
Godrej Riverine Project: Ahluwalia Wins Key Contract
- Order Secured: Ahluwalia Contracts has received a major order worth ₹396.5 crore (excluding GST) from Godrej Properties.
- Project Details: The order involves core and shell construction of towers (T1–T4), NTA, club, retail spaces, boundary wall, rainwater harvesting, waterproofing, and LPS works at Godrej Riverine, Sector-44, Noida.
- Timeline: The project is expected to be completed within 25 months.
- Market Impact: Investor sentiment is positive ahead of the next trading session on April 15; markets are closed on April 14 due to Ambedkar Jayanti.
- Business Expansion: The order enhances Ahluwalia’s presence in real estate and infrastructure across residential, commercial, hospitality, IT parks, metro stations, and more.
- Financial Performance: In Q3 FY25, PAT fell 30% YoY to ₹49.39 crore; turnover dropped 7.26% YoY.
- Stock Movement: Shares rose 4.30% on Friday to close at ₹861.40, but are down 19.24% over the past year, underperforming the sector by 20.51%.
- Significance: The deal is seen as a strong vote of confidence from a leading developer and could act as a positive catalyst for the stock.
