 "Ahluwalia Contacts rallies on Rs 178 crore constructions order")
Ahluwalia Contracts (India) has rallied 6% to Rs 159 on National Stock Exchange (NSE) after the company said it has secured new orders aggregating to Rs 178 crore for construction of housing project including finishing & electrical works.
The company said the new aggregating order in first half of the financial year 2014-15 are Rs 792.85 crore (approx). The unexecuted order book as on September 30, 2014 is approximately Rs 3,350 crore.
The realty company has entered into technical collaboration with KUB STROY Russia for high speed precast construction using KUB 2.5 technology. The technology aids in high speed construction of structure using patented precast system, it added.
The stock hit a high of Rs 160 and has seen a combined around 30,000 shares changing hands on the counter so far on NSE and BSE.
The company said the new aggregating order in first half of the financial year 2014-15 are Rs 792.85 crore (approx). The unexecuted order book as on September 30, 2014 is approximately Rs 3,350 crore.
The realty company has entered into technical collaboration with KUB STROY Russia for high speed precast construction using KUB 2.5 technology. The technology aids in high speed construction of structure using patented precast system, it added.
The stock hit a high of Rs 160 and has seen a combined around 30,000 shares changing hands on the counter so far on NSE and BSE.