Ahluwalia Contracts Bags CommonWealth Games Contract

Ahluwalia Contracts India received construction contract for the Commonwealth Games 2010 Village Residential project from Emaar MGF Construction. The estimated project value is Rs 688 crore and expected to be completed by December 2009. The current order book value of the company including the above mentioned project stands at Rs 2748 crore.

The current price of Rs 561.70 discounts its Q1 June 2007 annualized EPS of Rs 26.93 by a PE multiple of 20.85.