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Ahluwalia Contracts Secures ₹393 Crore Deal for New Rajasthan Airport Construction
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Ahluwalia Contracts Secures ₹393 Crore Order for New Rajasthan Airport
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CNBC TV18
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18-03-2026, 16:24
Ahluwalia Contracts Secures ₹393 Crore Order for New Rajasthan Airport
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Ahluwalia Contracts (India) Ltd won a ₹393.04 crore contract from AAI for a new greenfield airport in Bundi, Kota, Rajasthan.
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The project, a domestic building construction contract, is to be completed within 18 months.
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The company's Q3 FY26 performance missed expectations due to execution disruptions, leading to a revised FY26 revenue growth guidance of 10-15%.
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Despite challenges, year-to-date order inflow is strong at ₹96 billion, exceeding the FY26 guidance of ₹80 billion.
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ICICI Securities upgraded Ahluwalia Contracts to "Buy," projecting a 17% revenue CAGR over FY25–FY28.
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