Ahluwalia Contracts (India) Limited has received a credit rating reaffirmation from CARE Ratings Limited, maintaining its strong financial standing in the engineering and construction sector. CARE Ratings reaffirmed Ahluwalia Contracts' long-term bank facilities rating at AA- with a stable outlook based on the company's FY25 audited and H1 FY26 unaudited financial performance review.

Credit Rating Details

CARE Ratings Limited has reaffirmed Ahluwalia Contracts' credit ratings following their periodic review process. The rating assessment was conducted based on the company's audited financial performance for FY25 and unaudited results for the first half of FY26.

Rating Review Process

The credit rating reaffirmation reflects CARE Ratings' assessment of the company's continued financial stability and operational performance. The rating agency's review encompassed both audited and unaudited financial data, providing a comprehensive evaluation of the company's creditworthiness.

The stable outlook on the AA- rating indicates that CARE Ratings expects Ahluwalia Contracts to maintain its current financial profile and operational capabilities. This rating level positions the company favorably in terms of credit quality within the construction and engineering sector.

Regulatory Compliance

Ahluwalia Contracts has fulfilled its disclosure obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company formally communicated the rating reaffirmation to BSE Limited, National Stock Exchange of India Limited, and Calcutta Stock Exchange Limited on December 20, 2025.

The notification was signed by Vipin Kumar Tiwari, Company Secretary, ensuring proper corporate governance and regulatory compliance. This transparent communication demonstrates the company's commitment to keeping stakeholders informed about significant corporate developments.

Ahluwalia Contracts (India) Limited has secured a major construction order worth ₹888.38 crores from Bihar State Tourism Development Corporation Limited for the development of Shri Ram Janmabhoomi Tirtha Kshetra in Ayodhya. The project, located at Punauradham in Sitamarhi District, Bihar, is identified as the birthplace of Mother Sita, highlighting its religious and cultural significance.

Project Details and Scope

The awarded contract encompasses construction and overall development work of the Shri Ram Janmabhoomi Tirtha Kshetra in Ayodhya. The comprehensive project details are outlined below:

Contract Structure and Timeline

The order has been structured under the EPC (Engineering, Procurement, and Construction) mode, indicating Ahluwalia Contracts will handle the complete project lifecycle from design to completion. The company has been allocated 42 months for project execution, providing a substantial timeframe for the comprehensive development work required at this culturally significant site.

Regulatory Compliance and Disclosures

The company has confirmed that the contract does not involve any related party transactions and operates at arm's length. Additionally, the promoter, promoter group, or group companies have no interest in Bihar State Tourism Development Corporation Limited, ensuring transparency in the award process.

Strategic Significance

This order reinforces Ahluwalia Contracts' position in the infrastructure and construction sector, particularly in projects of religious and cultural importance. The substantial contract value of ₹888.38 crores represents a significant business win for the company and demonstrates its capability to handle large-scale development projects of national significance.

The disclosure was made in compliance with Clause 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders and investors regarding this material development.