Latest news with #AfconsInfrastructureLimited
Economic Times
09-06-2025
- Business
- Economic Times
Afcons Infra shares jump 6% on Rs 700 crore LoA from Reliance Industries
Afcons Infrastructure share jumped nearly 6% to Rs 460.7 in Monday's trade on BSE after the company secured a work order from Reliance Industries. ADVERTISEMENT 'We are pleased to inform that Afcons Infrastructure Limited has been awarded a Letter of Award (LoA) from Reliance Industries Limited (RIL) for the execution of construction works related to the Vinyl Projects at Dahej, Gujarat,' the company said in an exchange filing. The scope of work includes civil, mechanical, and associated works involving installation, testing, and commissioning. The contract is valued at approximately Rs 700 crore. Also Read:Interest rate wars: Which central banks are cutting, which are hiking?Earlier in May, the company emerged as the lowest bidder (L1) for a water supply project covering 353 villages in Dungarpur district from Kadana Back Water (Mahi Dam) Package-1. The project is estimated at Rs 463.5 crore. ADVERTISEMENT Afcons Infrastructure reported a 23% decline in consolidated net profit to Rs 110.92 crore for the quarter ended 31 March, compared to Rs 144.90 crore in the same period last year. Profit stood at Rs 148.85 crore in the previous from operations came in at Rs 3,223.27 crore in Q4FY25, down from Rs 3,636.43 crore a year earlier. Sequentially, revenue was Rs 3,211.10 crore. ADVERTISEMENT Also Read: Dixon Technologies, LIC Housing Finance among 10 mid-cap stocks analysts expect to gain up to 40% According to Trendlyne, the average target price for Afcons Infra is Rs 543, indicating a potential upside of 21%. Among seven analysts tracking the stock, the consensus rating is 'Strong Buy'. ADVERTISEMENT As of 10:16 am, the stock was trading 3.1% higher at Rs 448.6 on the BSE. However, it has declined 14% over the past six months and 16% so far this year. Its current market capitalisation stands at Rs 16,498 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Upturn
09-06-2025
- Business
- Business Upturn
Afcons Infrastructure shares rise 3% as company wins Rs 700 crore contract from Reliance Industries
By Aditya Bhagchandani Published on June 9, 2025, 09:33 IST Shares of Afcons Infrastructure Limited rose nearly 3% on Monday, extending gains for the third consecutive session, after the company announced it has secured a major contract from Reliance Industries. At 9:18 AM, the stock was quoting at ₹446.30, up ₹11.25 or 2.59% on the BSE. In an exchange filing, the company said it received a Letter of Award (LoA) from Reliance Industries for executing construction works related to the Vinyl Projects in Dahej, Gujarat. The scope includes civil, mechanical, installation, testing, and commissioning works. The total value of the contract is pegged at ₹700 crore. This development follows Afcons' position as the lowest bidder (L1) in May for a ₹463.50 crore water supply project involving 353 villages in Rajasthan's Dungarpur district. Afcons shares have a 52-week high of ₹570 and a low of ₹382.40. The current price is around 21.7% below the 52-week high and 16.7% above the low. The company's market cap stands at ₹16,322.8 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
08-06-2025
- Business
- Mint
This small-cap stock may be in focus on Monday after an order win from Reliance Industries. Do you own?
Small-cap stock Afcons Infrastructure may attract significant investor interest on Monday, June 9, after winning an order from Reliance Industries for construction work related to the Vinyl Projects at Dahej, Gujarat. In an exchange filing on Saturday, June 7, "We are pleased to inform that Afcons Infrastructure Limited has been awarded a letter of award (LoA) from Reliance Industries Limited for the execution of construction works related to the Vinyl Projects at Dahej, Gujarat." The scope of work includes civil, mechanical and associated works with installation, testing and commissioning works. The estimated value of the contract, excluding GST, is ₹ 700 crore, said the company. Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. Meanwhile, the company's March quarter (Q4FY25) results came on a weaker side. Its Q4FY25 revenue from operations stood at ₹ 3,223.27 crore from ₹ 3,636.43 crore in Q4FY24. Profit after tax (PAT) for the quarter under review came at ₹ 110.92 crore from ₹ 144.90 crore year-on-year. Diluted earnings per share for Q4FY25 stood at ₹ 3.02 from ₹ 4.25 in Q4FY24. The small-cap stock has been under pressure over the last year, falling 8 per cent. The pressure has intensified this year as year-to-date, the stock has plunged 19 per cent. It hit a 52-week low of ₹ 382.40 on April 7 this year after hitting a 52-week high of ₹ 570 on January 3. On a monthly scale, the stock has climbed nearly 3 per cent in June so far after a 1 per cent gain in May. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
India.com
07-06-2025
- Business
- India.com
Big move by Mukesh Ambani as Reliance gives Rs 7000000000 order to company named..., it's business is...
(File) Afcons Infrastructure Limited has secured a contract worth Rs 700 crore from Mukesh Ambani-led Reliance Industries for civil, mechanical, installation, testing and commissioning works on the Vinyl Project in Dahej, Gujarat, which is scheduled for completion by June 2026. In a regulatory filing, Afcons Infra said it has been Letter of Award (LOA) from Reliance Industries Limited for a Rs 700 crore contract Afcons Infrastructure share prices surge after Reliance contract Meanwhile, the contract from Mukesh Ambani's Reliance has translated into a significant boost for Afcons in the stock market, with the company's shares closing at Rs 436 apiece on Monday, gaining nearly 3 percent. According to its quarterly results, Afcons Infrastructure witnessed a 23% decline in its net profit to Rs 110.92 crore in the March quarter which ended on March 31, against Rs 144.90 crore in the same quarter a year ago. In the previous quarter, the company had posted a net profit of Rs 148.85 crore. Afcons' revenue from operations stood at Rs 3,223.27 crore in the fourth quarter of FY 25, against Rs 3,636.43 crore in the same period last year. The company's Board of Directors have also approved a dividend of Rs 2.50 for its shareholders. In a stock exchange filing, Subramanian Krishnamurthy, the Executive Vice Chairman (Whole-time Director) of Afcons Infrastructure, said the company's debt metric has improved by a significant margin, with an order book of Rs Rs 36,869 crore, excluding L1 projects worth Rs 10,662 crore. About Afcons Infrastructure A part of the Shapoorji Pallonji Group, Afcons Infrastructure Limited is an Indian multinational construction and engineering company that specializes in infrastructure projects. Afcons has executed more than 350 infrastructure projects in over 25 countries globally, and has worked on key infrastructure projects in India, including the Chenab Rail Bridge in Jammu and Kashmir, and the construction of an underground section of the Kanpur Metro.
India.com
07-06-2025
- Politics
- India.com
Chenab railway bridge, taller than Eiffel Tower, is constructed by..., its cost Rs...
दुनिया का सबसे ऊंचा रेल ब्रिज Prime Minister Narendra Modi on Friday inaugurated the Chenab Railway Bridge, the World's tallest Bridge, soaring 359 metres above the riverbed, making it 35 metres higher than the iconic Eiffel Tower in Paris. Spanning the Chenab River, this architectural feat is part of the monumental Udhampur-Srinagar-Baramulla Railway Link (USBRL), now fully operational and linking the Kashmir Valley with the rest of India by rail for the first time. The inauguration coincided with PM Modi's first visit to Jammu and Kashmir following 'Operation Sindoor', launched after the April 22 terror attack in Pahalgam that claimed 26 lives. The Chenab Railway Bridge is anticipated to significantly enhance transport, ease of traveling, and trade in the area. More than just a connectivity upgrade, it is expected to be a catalyst for economic growth and development in Jammu and Kashmir. As a vital component of the Udhampur-Srinagar-Baramulla Railway Link (USBRL) project, the bridge has been engineered for durability and resilience. Built to endure extreme conditions, it can withstand powerful earthquakes and wind speeds reaching up to 266 km/h. With a projected lifespan of 120 years, it stands as a symbol of long-term infrastructure planning and engineering excellence. The Chenab Railway Bridge is an engineering masterpiece made of steel and concrete, stretching 1,315 meters across the deep gorge of the Chenab River. It comprises a 530-meter-long approach bridge and a 785-meter-long deck arch bridge — the main section that carries the railway line. The world's tallest railway bridge was constructed mainly by Afcons Infrastructure Limited, with various other firms like VSL India and South Korea's Ultra Construction & Engineering Company also contributing significantly to its completion. Konkan Railway Corporation Limited supervised the entire project on behalf of Northern Railway. Several other companies and organizations also contributed to the bridge's design and unique features. For example, Finland's WSP Group and Germany's Leonhardt Andrä and Partners were involved in the design process. Additionally, the Defence Research and Development Organisation (DRDO) provided its expertise to make the bridge blast-proof.
