Ahluwalia Contracts, the company engaged in construction business witnessed a rise in share price on Monday after it has secured new orders worth Rs 3.18 billion for construction of institutional, residential building, including electrical, plumbing and firefighting services.

The company bagged new order worth Rs 2.19 billion for construction of IIITD campus, worth Rs 498.3 million for construction of Hiland Green residential building for River band Developers, worth Rs 483 million for construction of Diplomatic Staff housing for Royal Danish Embassy.

"We are currently L1 in project valued approx Rs 4.12 billion and the projects bidder under pipeline is Rs 22 billion," the company said.

"The total order inflow during the FY 2015-2016 stands at Rs 9.94 billion as on date company's order book stand at Rs 41 billion (approx.)," the company added.

Shobhit Uppal, DMD the company said, "Due to robust order inflow from government sector, the govt. Order book proportion stands at 65% level. The main focus of the company would be on speedy execution and timely delivery of project.''

Shares of the company are trading at Rs 242, up Rs 6.2, or 2.63% at the Bombay Stock Exchange (BSE) on Monday at 1:23 p.m.

The scrip has touched an intra-day high of Rs 247 and low of Rs 235. The total volume of shares traded at the BSE is 30,708.