Synopsis:
Afcons Infrastructure Limited secured two new international orders worth Rs.4,535 Cr from Croatian Motorways Ltd for the Construction of 20.5km Road in Croatia Europe.
The shares of this infra stock that are engaged in Infrastructure, Construction and engineering surged 5 percent after receiving a new order worth Rs.4,535 Cr from Croatian Motorways Ltd.
Afcons Infrastructure Limited is a small cap company with a market capitalization of Rs.15,511 Cr. It opened at Rs.435.00 per equity share from its previous day’s closing price Rs.416.55 and made an intraday high of Rs.440.30(5 percent) per equity share.
Order Details
Afcons Infrastructure Limited has been declared the Lowest Bidder (L1) for two major international road construction projects in the Republic of Croatia. These projects were awarded by Croatian Motorways Ltd.
The first project, Package J324/23, involves the construction of a 9 km road segment. The estimated contract value is Rs. 2,398 .The work is expected to be completed within 42 months from the start date.
The second project, Package J325/23, includes building an 11.5 km road.The value of this contract is Rs. 2,137.44 crore.This project also carries a completion timeline of 42 months.These international wins highlight Afcons Infrastructure Limited’s strong global presence and expertise in executing large-scale infrastructure projects.
Company Details
Afcons Infrastructure Limited is one of India’s top engineering and construction companies. It specializes in building large infrastructure projects like roads, bridges, railways, tunnels, ports, and metros.
Afcons Infrastructure Limited has a strong total order book worth Rs.36,869 crore. This shows the company’s solid project pipeline and ability to handle large projects.
The biggest part of this order book comes from the Urban Infra segment, which makes up 55 percent, Hydro and Underground contribute 24 percent, The rest comes from marine and industrial (12 percent),surface transport (4 percent) and Oil and Gas (4 percent).
The company’s revenue from operations declined from Rs.13,268 crore in FY24 reaching Rs.12,548 crore in FY25, reflecting negative business growth, but the net profits of the company increased from Rs. 450 crore in FY24 to Rs.487 crore in FY25, indicating a decrease in earnings.
Written by Sudeep Kumbar
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