Afcons Infrastructure Penalized ₹ 16.48 Crores Over Alleged Irregularities in Project Excavation
Afcons Infrastructure Limited has been directed by the Tahsildar, Bhiwandi, Maharashtra, following the imposition of a significant penalty concerning activities related to its MML5 Project. The fine was levied in connection with alleged irregularities pertaining to earth excavation and removal activities within the Mouje Purna and Rahanal area.The company received the order on July 06, 2026. According to details provided regarding the action taken by the authority, a penalty amounting to ₹ 16.48 Crores was imposed upon Afcons Infrastructure Limited.
While the penalty has been issued, the company stated that there is currently no financial impact on its operations at this stage. The management indicated intentions to contest the order and is taking the necessary steps to file an appeal before the competent authority.
Key details regarding the proceedings are summarized below:
| Authority Name | Penalty Amount | Project Focus | Date of Order Receipt |
|---|---|---|---|
| Tahsildar, Bhiwandi, Maharashtra | ₹ 16.48 Crores | Earth excavation and removal activities for MML5 Project | July 06, 2026 |
The order specifically addresses alleged irregularities in the execution of earth excavation and removal activities within the designated Mouje Purna and Rahanal area for the MML5 project.
AFCONS Stock Price Movement
As of 2:53 PM, shares of Afcons Infrastructure Limited are edging higher to ₹313.6, registering a modest gain of 0.46% in live trading. The stock maintains brisk activity, currently navigating its daily range between ₹309.05 and ₹314.9, with a volume of 322,120 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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