The company was founded by Bikramjit Ahluwalia and incorporated on June 2, 1979 under the Companies Act as a private company by the name of ‘Ahluwalia Contracts (India) Private Limited’ with the ROC. In July 1979, the company acquired the business of four partnership firms engaged in construction of which its Chairman and Managing Director, Bikramjit Ahluwalia, was a member.

In the year 1989, by virtue of its high turnover, the company became a deemed public limited company under section 43-A(IA) of the Companies Act and subsequently converted itself into a public limited company on September 6, 1990 and changed its name to ‘Ahluwalia Contracts (India) Limited’.

In 1996, it offered 800,000 equity shares of Rs 10 each for cash at a price of Rs 40 per share aggregating Rs 32 million, and the shares were listed on Delhi Stock Exchange, CSE and the JSE.

With specialized experience in the construction industry for more than 40 years, Ahluwalia Contracts an ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999 Company have carved a niche for itself in the industry as one of the leading Civil Contractors of the country.

The total group operations is over Rs 1000 crore and works in hand worth Rs 3000 crore is indicative of its high ranking in the industry. The company’s ideological foundations in respect of commitment to time bound completion of projects and high quality construction have been the corner stones to its rapid growth over the years. Its consistent pursuit of customer satisfaction has won it several prestigious awards and all-round acclaim in the past.

The construction services provided by the company consist of the erection of structures and allied services which include planning and scheduling manpower, equipment, materials and the appointment of sub-contractors required for the timely completion of a project in accordance with the terms, plans and specifications contained in the construction contracts and allied documentation. It provide these services by using fixed price and cost plus fee contracts and, to a lesser extent, construction management or design-build contracting arrangements.It is associated with most of the leading architects and consultants of the country such as Mahendra Raj, Rajinder Kumar, C.P.Kukreja, Raja Aederi, Stein Doshi Bhalla, Jasbir Sawhney, Charles Corrhea, Hafiz Contractor, Raj Rewal, Kanvinde Rai Chaudhary, Jacobs H&G, Tata Projects, Tata Consulting Engineers and others for building large institutional buildings and corporate office complexes, industrial complex buildings, multi-storied housing complexes and township development projects, hospitals, medical colleges and laboratory buildings, 5-star hotels, educational and technical institutes, schools and auditoriums, gymnasiums and sport complexes etc.

It is among a selected group of 3-4 contractors who are pre-qualified to bid for most of the mega building projects in India. At present, the company has around 70 projects under execution with a strong net order book of around Rs 2,309 crore (as on Mar 31, 2008).

Business Divisions:

The company has developed various divisions to achieve specialization. These are:

 * In-House Electrical Division - ACIL developed in house Engineering Division to undertake complete marketing, commercial scrutiny, costing, designing, basic and system engineering, procurement, construction, erection, commissioning and project management, coordination assignments for the separate electrical works.
 * In House Aluminium Division - Its Aluminium Division functions under the name of Ahlcon India. The professionally managed company undertakes designing, supply and installation of aluminium doors, windows, channels and curtain walls along with marketing, project management, quality management and coordination with other works.
 * In House Plumbing Division - It had developed in house Plumbing Division to undertake complete marketing, commercial scrutiny, costing, designing, basic and system engineering.
 * Ready Mix Concrete Division - Its Ready Mix Concrete unit is functioning under the name of Ahlcon Ready Mix Concrete. The unit is operating 3 plants, in Plant having combined capacity of 100 Cum/Hr, which is also the largest installed capacity in Northern India. The unit is supported by 22 Nos. Transit Mixer, 5 Nos. Concrete Pump and adequate pipe line. The plant follows strict quality measure to produce high quality concrete of various grades and various high performance concrete. Also the unit has its own state of the art laboratory to conduct all test related to concrete and is activity involved in research and development in the field of concrete.
 * Quality Control Division - At Ahluwalia Contracts, for each project there is a fully equipped laboratory at site under a senior Quality Control Engineer. Regular inspections and quality audits are carried out both at sites and in the head office for quality assurance.

Ahluwalia Contracts (India) Ltd.

Dilip Buildcon Ltd.

Indiabulls Real Estate Ltd.

Welspun Enterprises Ltd.

Ganesh Housing Corporation Ltd.

Hemisphere Properties India Ltd.

Kolte-Patil Developers Ltd.

Sobha Ltd.

Sunteck Realty Ltd.

PSP Projects Ltd.

Puravankara Ltd.

TARC Ltd.

Anant Raj Ltd.

Marathon Nextgen Realty Ltd.

Ashiana Housing Ltd.

Market Cap	4,673 Cr	ROE	17.1%
P/E Ratio(TTM)	22.7	EPS(TTM)	0.0
P/B Ratio	3.7	Dividend Yield	0.1%
Industry P/E	74.9	Book Value	190.8
		Face Value	2.0

Fundamentals