Rs 34,152 crore order book: Shapoorji Pallonji Group’s Civil Construction Company Bags New Order Worth Rs 1,084.54 Crore From DRDO

The stock is up by 26 per cent from its 52-week low of Rs 419.85 per share.

Afcons Infrastructure Ltd has 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).

Earlier, Prime Minister Narendra Modi inaugurated a 13-kilometer section of the Delhi-Meerut Namo Bharat Corridor, a significant milestone in regional connectivity. This NCRTC-led project enhances semi-high-speed travel within the National Capital Region. A key component, a 3.5-kilometer stretch by Afcons, includes the first elevated station in Delhi on the corridor, New Ashok Nagar, with seamless interconnectivity to the existing Metro station. This section features six impressive steel bow-string spans, installed amidst challenging conditions, showcasing intricate engineering. The inaugurated section is part of Package 6, with Afcons also contributing to Package 8 of this transformative corridor.

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 19,000 crore and as of September 30, 2024, the order book stands at Rs 34,152 crore. The stock is up by 26 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.