Rs 34,152 crore order book: Shapoorji Pallonji Group’s civil construction company emerges as L1 bidder for orders worth Rs 4,787.20 Crore from MSRDC
The stock is up by 20 per cent from its 52-week low of Rs 419.85 per share.
Afcons Infrastructure Ltd emerges as the lower bidder (L1) for the construction of two crucial packages (E5 & E7) of the Access Controlled Pune Ring Road (East), as announced in a regulatory filing. The project, awarded by the Maharashtra State Road Development Corporation Ltd. (MSRDC), involves an EPC contract valued at Rs 4,787.20 crore (excluding GST). Both packages are slated for completion within 36 months.
Earlier, the company received a Letter of Intent from the Government of India, Ministry of Defence, Defence Research and Development Organisation (DRDO). The order(s)/contract(s), awarded by the domestic entity DRDO, pertains to infrastructure work on an EPC (Engineering, Procurement, and Construction) basis in India. The project is to be executed within a timeframe of 36 months, with a broad consideration or size of Rs 1,084.54 crore (including GST).
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About Afcons Infrastructure Ltd
Afcons Infrastructure Ltd is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally. As per the latest ENR survey, Afcons is ranked in Top 140 international Contractors globally; 12th in Bridges and 14th in Marine & Ports. The company has a market cap of over Rs 18,000 crore and as of September 30, 2024, the order book stands at Rs 34,152 crore. The stock is up by 20 per cent from its 52-week low of Rs 419.85 per share.
Disclaimer: The article is for informational purposes only and not investment advice.