Ahluwalia Contracts secures Bus Terminal Project from RSRTC at Kota (Rajasthan) on DBOT basis

Ahluwalia Contracts India Ltd has announced that the Company enters in the field of construction on DBOT / PPP Model. They have recently bagged the DBOT project for construction of model Bus Terminal with Commercial Complex at Kota, (Rajasthan) under Private Public Partnership (PPP). Total area of the Plot is 26343 sq. meters out of which 3300 sq. meters built up area for Bus Terminal is to be handed over to RSRTC and 23000 sq. meters commercial space shall be licensed to the Company for 40 years. The Proposed Bus Terminal is located near existing Airport on DCM road at Kota. Kota is a fast upcoming heritage city of Rajasthan which is a significant Educational hub with new IIT Campus also proposed there in near future.

The estimated construction cost of the project is envisaged at Rs 60.00 Crores. The project is to be completed within 18 months.

The stock closed the day at Rs.400, down by Rs.0.40 or 0.10%. The stock hit an intraday high of Rs.405 and low of Rs.391. The total traded quantity was 3528 compared to 2 week average of 3821.

Source : Equity Bulls

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