Ahluwalia Contracts Secures Rs 581 Crore Order from ETSY Realcon
Ahluwalia Contracts secures a Rs. 581 crore contract from ETSY Realcon for civil and structural work at "The Edition" in Gurugram, Haryana, for over 30 months, enhancing its position in the housing construction sector.
by Damodharan N
Updated Jul 12, 2024
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Ahluwalia Contracts (India) Limited has announced securing a significant order worth Rs. 581 crore from ETSY Realcon Pvt. Ltd. The contract involves civil and structural work at "The Edition" in Sector-66, Gurugram, Haryana.
This domestic contract is expected to be executed over a period of 30 months. The order does not involve any related party transactions, ensuring transparency and compliance with regulatory norms.
This development is poised to bolster Ahluwalia Contracts' presence in the housing construction sector, highlighting its capabilities in executing large-scale projects.
Read the full Announcement Here
ETSY Realcon
ETSY Realcon Private Limited, incorporated on October 22, 2021, operates as a non-government company registered with the Registrar of Companies in Delhi. With an authorized share capital of Rs. 1,500,000 and a paid-up capital of Rs. 500,000.
ETSY Realcon is engaged in real estate activities involving the buying, selling, renting, and operation of self-owned or leased properties. This includes residential and non-residential buildings, development and subdivision of real estate, and sale of land and cemetery lots.
The company focuses on developing and managing various types of real estate properties, contributing to the real estate sector's growth and development.
Ahluwalia Contracts
Ahluwalia Contracts (India) Limited (ACIL) is a prominent player in the Indian construction industry with over 43 years of experience. The company specializes in engineering, designing, and constructing a wide range of projects, including commercial buildings, institutional structures, industrial complexes, housing developments, hospitals, hotels, educational institutions, and sports facilities.
With a turnover exceeding INR 2721.60 Crores for the financial year 2021-22, ACIL has established itself as a leading civil contractor. Recognized for its commitment to quality and timely project completion, ACIL holds multiple ISO certifications (ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO/IEC 27001:2013).
The company's portfolio includes collaborations with top architects and consultants, and it has been involved in numerous prestigious projects across India. Notable projects include the construction of the Ministry of Defence office building in New Delhi, the International Convention Centre in Patna, and the AIIMS campus in Jammu.
ACIL's dedication to customer satisfaction has earned it several awards and industry accolades
Ahluwalia Contracts Secures Rs 581 Crore Order from ETSY Realcon - FAQs
1. What is the value of the contract secured by Ahluwalia Contracts from ETSY Realcon?
Ahluwalia Contracts has secured a contract worth Rs. 581 crore from ETSY Realcon Pvt. Ltd.
2. What type of work does the contract involve?
The contract involves civil and structural work at "The Edition" in Sector-66, Gurugram, Haryana.
3. How long will it take to complete the project?
The project is expected to be executed over a period of 30 months.
4. Is this a domestic or international contract?
This is a domestic contract within India.
5. Does the contract involve any related party transactions?
No, the contract does not involve any related party transactions, ensuring transparency and compliance with regulatory norms.
6. What are the specialties of Ahluwalia Contracts in the construction industry?
Ahluwalia Contracts specializes in engineering, designing, and constructing various projects including commercial buildings, institutional structures, and housing developments.
7. What certifications does Ahluwalia Contracts hold?
Ahluwalia Contracts holds ISO certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO/IEC 27001:2013, indicating its adherence to quality, environmental management, occupational health and safety, and information security standards.
8. What notable projects has Ahluwalia Contracts been involved in?
Ahluwalia Contracts has been involved in projects such as the Ministry of Defence office building in New Delhi, the International Convention Centre in Patna, and the AIIMS campus in Jammu.
9. How does this contract impact Ahluwalia Contracts' presence in the housing construction sector?
This contract is expected to bolster Ahluwalia Contracts' presence in the housing construction sector, showcasing its capabilities in executing large-scale projects.
10. What is the financial significance of this contract for Ahluwalia Contracts?
This contract, valued at Rs. 581 crore, represents a significant addition to Ahluwalia Contracts' order book and revenue stream, contributing to its growth and expansion plans.
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