The said contract has been awarded by Rail Land Development Authority, New Delhi. The value of the said contract is Rs 2,450 crore and the project has to completed within a period of 30 months.

Separately, in an exchange filing made during market hours today, Ahluwalia Contracts announced that it has secured an order worth of Rs. 744.68 crore from DLF Home Developers.

The contract involves construction of civil structure & waterproofing works including rough finishing works for the north parcel of The Arbour Project based in Gurugram (HR).

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.

On consolidated basis, the company reported 9.3% rise in net profit to Rs 39.10 crore despite of 10.8% fall in revenue from operations to Rs 622.84 crore in Q2 FY23 over Q2 FY22.

The scrip rose 0.30% to currently trade at Rs 537 on the BSE.