Afcons Infrastructure Secures Major European Railway Project, Largest International Order
Afcons Infrastructure Ltd has received confirmation of the client's decision, establishing the company as the most suitable bidder for a significant railway rehabilitation and construction project in Europe. This development marks the company's largest international order to date and highlights its expanding global footprint in the infrastructure sector.The project involves the rehabilitation and construction of a railway line, including the reconstruction of the existing track and the construction of a second track. Furthermore, the scope of work covers essential components beyond civil works, including overhead electrification, signaling, and telecommunication works. The project is valued at €677.07 million, excluding taxes, which is approximately INR 7544 Cr.
Mr Krishnamurthy Subramanian, Executive Chairman of Afcons Infrastructure Ltd, stated that this milestone project marks a significant step in Afcons' global journey and an entry into Europe. He noted that the achievement reflects the company's capability to deliver complex, large-scale infrastructure solutions across different geographies.
Mr S Paramasivan, Managing Director of Afcons Infrastructure Ltd, emphasized the significance of the railway line reconstruction. He added that the project contributes to the vision of 'Making for the World' and underscores Afcons' commitment to delivering world-class infrastructure globally.
Afcons Infrastructure Ltd, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, possesses a legacy spanning over six decades. The company has a track record of executing numerous technologically complex Engineering, Procurement, and Construction (EPC) projects both domestically and internationally. According to the latest ENR survey, Afcons ranks among the Top 140 international Contractors globally, holding specific rankings of 12th in Bridges and 8th in Marine & Ports.
The key financial details of the project are as follows:
| Metric | Value |
|---|---|
| Contract Value | €677.07 million |
| Estimated INR Equivalent | Approx. INR 7544 Cr. |
| Basis | Excluding taxes |
AFCONS Stock Price Movement
Afcons Infrastructure Limited shares today slipped by 4.23% to settle at ₹326.65. The stock traded within a range of ₹325.05 to ₹338.95, moving amidst a total volume of 482,552 shares.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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