Ahluwalia Contracts (India) Ltd has secured a construction contract valued at ₹888.38 crore, inclusive of GST, from Bihar State Tourism Development Corporation Ltd, according to an exchange filing by the company.
Project Scope and Location
The order pertains to civil construction and comprehensive site development work at the Shri Ram Janmabhoomi Tirtha Kshetra at Punauradham in Sitamarhi district, Bihar. The location is identified as the birthplace of Sita and is being developed as a major religious tourism destination.
Execution Model and Nature of Work
The project will be executed under the engineering, procurement and construction (EPC) mode. The scope falls under civil construction activities and has been awarded by a domestic government entity. All work related to the contract will be carried out within India.
Timeline and Contract Tenure
As per the disclosure, the project has an execution timeline of 42 months. While the overall duration has been specified, the company has not provided details regarding phase-wise execution or the payment schedule.
Related-Party Disclosure
Ahluwalia Contracts clarified that neither its promoters nor members of the promoter group have any interest in Bihar State Tourism Development Corporation. The company further stated that the contract does not constitute a related-party transaction and has been awarded on an arm’s length basis, in compliance with regulatory disclosure requirements.
Summary
Ahluwalia Contracts (India) Ltd has been awarded an EPC contract worth ₹888.38 crore by Bihar State Tourism Development Corporation for civil construction and site development at the Shri Ram Janmabhoomi Tirtha Kshetra in Sitamarhi, Bihar. The project has a 42-month execution period and has been confirmed as a non-related-party transaction.
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