Afcons Infrastructure Soars 8% After Bagging ₹1,007 Crore Metro Project—What’s Driving the Surge?

Afcons Infrastructure Soars 8% After Bagging ₹1,007 Crore Metro Project—What’s Driving the Surge?

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, … Read more

Afcons Infrastructure IPO Status: Latest Updates – Is This Construction Giant Set for a Market Debut?

Afcons Infrastructure IPO Status: Latest Updates – Is This Construction Giant Set for a Market Debut?

The first week of October is expected to see the launch of Afcons Infrastructure’s billion-dollar IPO, which will be the company’s largest in over two years, according to sources. The principal engineering and construction division of the Shapoorji Pallonji Group may expand the issue size to ₹8,400 crore, from the initial ₹7,000 crore, which included … Read more