Ahluwalia Contracts to Construct Affordable Housing at New Town Kolkata

Ahluwalia Contracts (India) has secured new order aggregating to approximately Rs 229 crore. The contract is for construction of affordable housing project at New Town, Kolkata, West Bengal, awarded from the West Bengal Housin

BY Realty Plus
Published - Tuesday, 07 Sep, 2021

Ahluwalia Contracts to Construct Affordable Housing at New Town Kolkata

Ahluwalia Contracts (India) has secured new order aggregating to approximately Rs 229 crore. The contract is for construction of affordable housing project at New Town, Kolkata, West Bengal, awarded from the West Bengal Housing Infrastructure Development Corporation (WBHIDL). WBHIDCO is a public sector undertaking. It plans and executes development projects in the entire 6,000-7,000 hectare area in Rajarhat, Kolkata, West Bengal. Ahluwalia Contracts (India) said, “Its total order inflow during the FY 2021-22 stands at Rs 229 crore.” Ahluwalia Contracts' project portfolio encompasses projects across residential and commercial complexes, hotels, institutional buildings, hospitals and corporate offices, information technology (IT) parks and industrial complexes. The company's consolidated net profit surged to Rs 34.78 crore in Q1 FY22 from Rs 7.47 crore in Q1 FY21. Net sales during the quarter increased by 132.18% YoY to Rs 580.10 crore.