Ahluwalia Contracts India Ltd receives arbitration award of Rs. 31 crore

Ahluwalia Contracts India Ltd has received an Award pronounced by Arbitral Tribunal of Sole Arbitrator against contract pertaining to Renovation of SPM Swimming Pool Complex, New Delhi for an amount of Approx. Rs. 31 Crores (Rupees Thirty one crores only) plus interest. The Award is subject to challenge by the opposite party within the prescribed period provided in the Arbitration and Conciliation Act 1996 (Amended).

Shares of AHLUWALIA CONTRACTS (INDIA) LTD. was last trading in BSE at Rs.198 as compared to the previous close of Rs. 200. The total number of shares traded during the day was 2213 in over 184 trades.

The stock hit an intraday high of Rs. 203.65 and intraday low of 192.65. The net turnover during the day was Rs. 441151.

Source : Equity Bulls

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