Synopsis:
Afcons Infrastructure Limited has secured a Rs. 576-crore contract for civil and allied infrastructure works, reinforcing its strong project pipeline and continued growth in core operations.
During Thursday’s trading session, shares of a flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group surged nearly 2 percent, after the company announced securing an order worth Rs. 576 crores.
With a market cap of Rs. 17,120 crores, shares of Afcons Infrastructure Limited closed in the green at Rs. 465.5 on BSE, up by around 1.3 percent, as against its previous closing price of Rs. 459.6. The stock has delivered negative returns of around 2 percent in one year, but has gained by over 6 percent in the last one month.
What’s the News
According to the latest filings with the stock exchanges, Afcons Infrastructure Limited has secured a contract worth approximately ₹576 crore for civil and allied infrastructure works.
Earlier, on 21st July, the company had been declared the lowest bidder (L1) by HŽ Infrastructure Limited for a major project valued at around Rs. 6,800 crore, involving the rehabilitation and construction of a railway line in the Republic of Croatia. The project is expected to be completed within a period of 72 months.
Financials & More
Afcons Infra reported a marginal growth in its revenue from operations, showing a year-on-year increase of around 7 percent from Rs. 3,154 crores in Q1 FY25 to Rs. 3,370 crores in Q1 FY26. Likewise, its net profit increased during the same period from Rs. 92 crores to Rs. 137 crores, representing a significant rise of nearly 49 percent YoY.
Afcons Infrastructure Limited is engaged in the business of marine works, highways, bridges, metro works, power houses, tunnels, oil and gas, LNG tanks, and other general civil engineering projects both in India and Africa and the Middle East countries. As of Q1 FY26, the company reported an order book of Rs. 35,311 crores.
Written by Shivani Singh
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