Rs 31,747 crore order book: Newly listed stock-Civil construction company emerges as lowest bidder (L1) for Bhopal Metro Project worth Rs 1,006.74 crore

The company has a market cap of Rs 17,453 crore and as of July 2024, the order book stands at Rs 31,747 crore.

Afcons Infrastructure Ltd emerges as the lowest bidder (L1) for the construction of Bhopal Metro's Blue Line (Line-2). The company emerged as the lowest bidder for Package BH-05, encompassing the construction of a 12.915 km elevated corridor connecting Bhadbhada Chauraha and Ratnagiri Tiraha. This crucial infrastructure project will feature 13 elevated stations and a ramp leading to the Subhash Nagar Depot. The project is being funded by the European Investment Bank (EIB) and is expected to be completed within a 3-year timeframe.

In compliance with SEBI regulations, Afcons Infrastructure has officially announced its successful bid for Package BH-05. The project, valued at Rs 1,006.74 crore (excluding GST), will be executed under an EPC (Engineering, Procurement, and Construction) contract. This strategic win reinforces Afcons Infrastructure's position as a leading player in the Indian infrastructure sector, contributing to the development of urban transportation networks and enhancing connectivity within Bhopal.

About Afcons Infrastructure Ltd

Afcons Infrastructure Ltd is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with a 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 the Top 120 international Contractors globally; 10th in Marine & Ports and 12th in Bridges. The company has a market cap of Rs 17,453 crore and as of July 2024, the order book stands at Rs 31,747 crore.

On Monday, November 4, 2024, Shapoorji Pallonji's flagship infrastructure and construction company, Afcons Infrastructure Ltd, made its stock market debut. The company's shares opened at Rs 419.85 and quickly gained momentum, reaching an intraday high of Rs 479.25. By the end of the day, the shares closed at Rs 474.55, marking a 2.50 per cent increase from the opening price.

Disclaimer: The article is for informational purposes only and not investment advice.