Infra stock, one of the leading infrastructure construction companies involved in the execution of large and complex projects jumped 3 percent in the day’s trade upon receiving a new work order worth Rs. 1,283 Crores from Hindustan Gateway Container Terminal.
Price Action
With a market capitalization of Rs. 16,881 Crores, the shares of Afcons Infrastructure Limited were trading at Rs. 460 per equity share, up 0.50 percent from its previous day’s close price of Rs. 458.15.
What Happened
Afcons Infrastructure Limited has received a new EPC work order from Hindustan Gateway Container Terminal Kandla Private Limited for the design and construction of a marine package of the container terminal at Tuna Tekra – India for a consideration of Rs. 1,283 Crores and it is to be completed in 29 months.
About the Company
Afcons Infrastructure Limited is one of the leading infrastructure construction companies involved in the execution of large and complex projects both in India and overseas.
It is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate, as per the latest ENR survey, Afcons is ranked in the Top 120 international Contractors globally, 10th in Marine & Ports, and 12th in Bridges.
It focuses on large, complex, and high-value projects with a strong track record in efficient project management, execution, and on-time delivery of projects across verticals and geographies. As of Q2FY25 Afcons Infrastructure Limited has a strong orderbook of ~Rs. 34,152 Crores.
Financials
Its Revenue from operations declined by 11.23 percent YoY from Rs. 3,334 Crores in Q2FY24 to Rs. 2,960 Crores in Q2FY25, accompanied by profits of Rs. 104 Crores to Rs. 135 Crores.
Written by: Bharath K.S
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