Afcons Infrastructure Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

Afcons Infrastructure has received a Letter of Intent from the Govt of India, Ministry of Defence, Defence Research and Development Organisation (DRDO) for the execution of work related to the augmentation of MTC, creation of SAF, and workshop equipment for the ship lift facility (AMCSWF) at Visakhapatnam. The value of the contract is Rs 1084.54 crore.

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The order involves the execution of work for the augmentation of MTC, creation of SAF, and installation of workshop equipment for the Ship Lift Facility (AMCSWF) at Visakhapatnam, Andhra Pradesh.

The project will follow a design & build (D&B) concept and includes civil, mechanical, electrical, HVAC, ELV systems, furniture & interiors, and other associated works. The project is scheduled for completion within 36 months.

Afcons Infrastructure is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally.

The company’s consolidated net profit jumped 30% to Rs 135.43 crore despite of 11.22% decline in revenue from operations to Rs 2959.89 crore in Q2 FY25 over Q2 FY24.

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Afcons Infrastructure has been announced as the winner of the Most Innovative Knowledge Enterprise (MIKE) Award 2024 for the 7th consecutive year, both at the Global and India levels. This recognition highlights Afcons' commitment to innovation and excellence in knowledge management. This award is given by the International Global MIKE Study Group, comprising world experts in effective knowledge management and innovative practices.

Afcons continues to be the only company in the infrastructure sector, globally, to be consistently recognised for its progress in harnessing knowledge assets as a key competitive differentiator. The company has won MIKE awards at both the India and Global levels from 2018 to 2024. Previously, Afcons was awarded the Most Admired Knowledge Enterprise (MAKE) award in 2016 and 2017 at three levels - India, Asia, and Global.

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The order entails part design and construction of elevated viaduct, 13 elevated metro stations which will connect Bhadbhada Chauraha to Ratnagiri Tiraha (excluding an elevated passenger interchange Metro Rail Station) between chainage and access to depot between chainages for blue line for Bhopal Metro Rail Project.

The bid project cost stood at Rs 1,006.74 crore and it is expected to complete in 36 months.

Afcons Infrastructure is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally.

The company’s consolidated net profit jumped 30% to Rs 135.43 crore despite of 11.22% decline in revenue from operations to Rs 2959.89 crore in Q2 FY25 over Q2 FY24.

The counter hit a life high at Rs 564.40 in today’s intraday session.

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