Recurring NGT construction bans in NCR
Pollution-related shutdowns have become annual, impacting 44% of order book and causing revenue shortfalls.
AHLUWALIACONTRACTS / Q3-FY26 / risks
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Ahluwalia Contracts · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Labor availability and cost inflation
Scarcity of skilled labor and rising unit rates are pressuring margins; new labor code adds ₹1.31 crore cost in 9M.
Execution delays in large projects
CSMT station redevelopment faces design rework and potential further delays; cost overruns may not be fully recoverable.
Slow conversion of L1 orders
Government projects, especially state-level, may take longer to convert to letters of award, impacting future revenue visibility.