On November 22, 2024, the share price of Afcons Infrastructure, a division of the Shapoorji Pallonji Group, increased by 3.72% to hit an intraday high of Rs 506.80 on the NSE. The rise came after the Uttarakhand Project Development and Construction Corporation Ltd. announced that it had won an order worth Rs 1,274 crore.
Afcons Wins ₹1,274 Crore Dam Project
Afcons Infrastructure Limited has been granted permission by Uttarakhand Project Development and Construction Corporation Ltd. to build a concrete gravity dam on the Song River in Dehradun that will be 130.6 meters high. The ₹1,274 crore project will be completed in 60 months and includes both civil and HM work. The company was listed on November 4, 2024, however on September 28, 2024, it was announced as the lowest bidder for the project.
In order to support Uttarakhand’s infrastructure development, Afcons will carry out this esteemed project using an EPC approach. Building the dam and its auxiliary buildings over the Song River is part of the project.
Afcons Infrastructure share price
On Friday, November 22, 2024, the share price of the construction engineering firm Afcons Infrastructure rose by much to 3.72% to reach an intraday high of Rs 506 per share. The Rs 1,274 crore order from Uttarakhand Project Development and Construction Corporation Ltd. drove the increase in shares of Afcons Infrastructure, the flagship company of the Shapoorji Pallonji Group.
About Afcons Infrastructure
Afcons Infrastructure Limited, a prominent Indian engineering and construction firm with a significant presence in more than 22 countries, is a member of the Shapoorji Pallonji Group. Afcons, which is well-known for its proficiency in infrastructure construction, has constructed more than 150 bridges, including intricate archways for highways and railroads.
By building 32 stations and more over 120 kilometers of metro lines, the business has also made significant contributions to India’s urban transit networks. Historic projects like the Mumbai-Ahmedabad High-Speed Rail Corridor, India’s first underwater tunnel, demonstrate its tunneling prowess.
