In early trading today, shares of Shapoorji Pallonji Group subsidiary Afcons Infrastructure jumped 8% to a 52-week high of Rs 564.40 on the BSE following the company’s receipt of a Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Corporation for the Rs 1,007 crore Bhopal Metro Phase 1 project.
Elevated Viaduct design and construction, thirteen elevated metro stations that will link Bhadbhada Chauraha and Ratnagiri Tiraha, and access to the Bhopal Metro Rail Project depot are all part of the project.
Afcons Infrastructure Contracts
This new endeavor is no small accomplishment. It is valued at a significant INR 1,006.74 crore and covers about 13 kilometers of the metro’s blue line. Following the Engineering, Procurement, and Construction (EPC) methodology, the project is expected to be finished in 36 months.
Afcons Infrastructure’s expanding list of victories this year includes the Bhopal Metro agreement. Another big project costing INR 1,274 crore was awarded to the business by the Uttarakhand government in November 2024. A huge concrete gravity dam on the Song River near Dehradun is being built under this contract. The numbers are self-evident. Afcons had already secured orders totaling over INR 19,000 crore for the fiscal year till September 2024. In order to reach its remarkable INR 34,000 crore order book, the corporation is now aiming for additional inflows of INR 5,000 crore.
About the Company
Afcons Infrastructure is a well-known Indian multinational construction and engineering firm that was founded in 1959 and has its headquarters in Mumbai. Since 2000, Afcons has been a part of the Shapoorji Pallonji Group. It focuses on EPC (Engineering, Procurement, and Construction) projects related to infrastructure, such as bridges, flyovers, metros, railroad lines, tunnels, roads, ports, maritime works, and oil and gas structures. The Chenab Rail Bridge and the Mumbai–Nagpur Expressway are two notable projects in which the business has played a key role.
