Ahluwalia Contracts Secures Rs 393 Crore Airport Project
Filing Summary
Ahluwalia Contracts (India) Ltd has been awarded a contract worth Rs 393.04 crores by the Airport Authority of India for the development of a new greenfield airport at Bundi, Kota, Rajasthan. The project is set to be completed within 18 months. The contract involves building construction and is a domestic order. There is no involvement of related parties or promoter interest in this transaction. This update was disclosed under Clause 30 of SEBI (LODR) Regulations, 2015.
Ahluwalia Contracts (India) Ltd has announced the receipt of a contract valued at Rs 393.04 crores from the Airport Authority of India. The project involves the development of a new greenfield airport located at Bundi, Kota, Rajasthan. The contract specifies a completion timeline of 18 months.
The order is categorized under building construction and is a domestic contract. The company has confirmed that there is no promoter or promoter group interest in the awarding entity, and the transaction does not qualify as a related party transaction.
The Airport Authority of India is responsible for creating, upgrading, maintaining, and managing civil aviation infrastructure in India. The authority focuses on enhancing airport facilities and services across the country.
Ahluwalia Contracts (India) Ltd specializes in engineering, designing, and construction services. The company is focused on expanding its portfolio in infrastructure projects, including airports, commercial complexes, and residential buildings.