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Latest news about Afcons Infrastructure

Afcons Infrastructure Raises Rs. 55 Crores Through Commercial Paper Issuance Oct 15, 2025

Afcons Infrastructure Limited has raised Rs. 55 crores through commercial papers (CPs) on October 15, 2025. The CPs have a 152-day tenure with a 7.50% p.a. interest rate, maturing on March 16, 2026. Rated CRISIL A1+, the CPs were allocated to The Maharashtra State Co-Operative Bank Ltd (Rs. 50 crores) and The Vishweshwar Sahakari Bank Ltd (Rs. 5 crores). This follows the company's recent issuance of Rs. 50 crores in Non-Convertible Debentures (NCDs) on October 14, 2025, indicating a strategic approach to short-term and medium-term financing.

Afcons Infrastructure Raises Rs 50 Crores Through Non-Convertible Debentures Oct 14, 2025

Afcons Infrastructure Seeks Shareholder Approval for Director Appointments and Employee Stock Option Plan Oct 10, 2025

Afcons Infrastructure Secures ₹576 Crore Contract Amid Regulatory Scrutiny Oct 09, 2025

AFCONS Infrastructure Secures ₹576 Crore Contract for Civil Infrastructure Projects Oct 09, 2025

More news about Afcons Infrastructure

25Sept 25

Afcons Infrastructure Appoints New Directors, Approves ESOP Plan, and Issues NCDs

Afcons Infrastructure Limited has made significant changes to its board and approved new financial initiatives. The company appointed Santosh Balachandran Nayar as an Additional Director (Non-Executive & Independent) and Firoz Cyrus Mistry as an Additional Director (Non-Executive & Non-Independent). Udai Veer Singh was categorized as Senior Management Personnel. The company approved an Employee Stock Option Plan 2025 and the issuance of Non-Convertible Debentures worth Rs. 50.00 crores. These changes signal a strategic shift and increased next-generation involvement in the company's future.

22Sept 25

Afcons Infrastructure to Consider Employee Stock Option Plan and NCDs Issuance in Upcoming Board Meeting

Afcons Infrastructure Limited has scheduled a board meeting for September 25, 2025, to discuss two key proposals: the adoption of an Employee Stock Option Plan 2025 and the issuance of Non-Convertible Debentures on a private placement basis. The company has also rescheduled an investor meeting with Dolat Capital to September 26, 2025, in Mumbai.

29Aug 25

Afcons Infrastructure Announces Major Leadership Reshuffle, Appoints New Executive Chairman

Afcons Infrastructure Limited, part of the Shapoorji Pallonji Group, has announced significant leadership changes. Shapoorji Mistry transitions to Chairman Emeritus, while Krishnamurthy Subramanian is elevated to Executive Chairman. Pallon S. Mistry joins the Board of Directors. The company has seen substantial growth under Shapoorji Mistry's leadership, with turnover increasing nearly fivefold to ₹13,023.00 crore and order book expanding to ₹36,869.00 crore. Additional management changes include new appointments for key senior personnel.

08Aug 25

AFCONS Infrastructure Reports Strong Q1 Performance with 50% PAT Growth

AFCONS Infrastructure posted impressive Q1 FY24 results with Total Income reaching ₹3,419.00 crore, up 6.4% YoY. EBITDA increased by 19.6% to ₹445.00 crore, and PAT jumped 50% to ₹137.00 crore. The company's order book stands at ₹35,311.00 crore, with additional L1 projects worth ₹21,556.00 crore. AFCONS secured new orders of ₹1,093.00 crore in Q1 and emerged as L1 in multiple large orders in Croatia valued at ₹11,321.00 crore. The company also celebrated the inauguration of the Chenab Railway Bridge, the world's highest single-arch railway bridge.

22Jul 25

Afcons Infrastructure Shares Surge on €677 Million Croatia Railway Contract Win

Afcons Infrastructure, part of the Shapoorji Pallonji group, has been declared the lowest bidder for a major railway project in Croatia valued at €677,071,899.78 (approx. Rs 6,800 crore) excluding VAT. The project involves railway line rehabilitation, construction of a second track, and electrification works with a 72-month completion timeline. Following this news, the company's shares rose 3.7% to Rs 434.45. Despite recent stock declines, analysts maintain a 'Strong Buy' rating with a target price of Rs 543.00. Separately, Afcons is in the process of withdrawing its credit ratings for bank facilities from ICRA Limited.

22Jul 25

Afcons Infrastructure Shares Surge 3.7% on Winning €677 Million Croatian Railway Contract

Afcons Infrastructure, part of the Shapoorji Pallonji group, won a €677 million (approx. Rs 6,800 crore) railway project in Croatia. The project involves reconstructing existing track and building a second line on the Dugo Selo–Novska route, including electrification and signaling works. The contract has a 72-month completion timeline. Following the announcement, Afcons' shares rose 3.7% to Rs 434.45. Despite recent stock challenges, analysts maintain a 'Strong Buy' rating with a Rs 543 target price. The company has also requested withdrawal of credit ratings for its bank facilities from ICRA Limited.

21Jul 25

Afcons Infrastructure Secures Lowest Bid for €677 Million Croatian Railway Project

Afcons Infrastructure Limited has emerged as the lowest bidder for a major railway project in Croatia, valued at approximately ₹6,800 crore (€677.07 million). The project involves reconstructing existing tracks, building a second track on the Dugo Selo - Novska railway line, installing overhead electrification, and implementing signalling and telecommunication works. The contract, to be completed within 72 months, marks a significant international expansion for the company in the European infrastructure market.

18Jul 25

Afcons Infrastructure Secures Lowest Bidder Status for €455 Million Croatian Road Projects

Afcons Infrastructure Limited has been declared the lowest bidder for two major road projects in Croatia, part of the A1 Motorway Zagreb-Split-Dubrovnik construction initiative. The projects, valued at approximately €455 million (₹4,535.00 crore), involve constructing a total of 20.5 km of roadway. The first package, worth €240,593,861.40, covers a 9.0 km stretch from Rudine to Slano. The second package, valued at €214,452,118.69, involves an 11.5 km section from Slano to PUO Mravinjac. Both projects have a completion period of 42 months. This development marks a significant step for Afcons in expanding its international portfolio, particularly in the European infrastructure sector.

17Jul 25

Afcons Infrastructure Secures Lowest Bidder Status for €455 Million Croatian Road Projects

Afcons Infrastructure has been declared the lowest bidder for two major road construction projects in Croatia, totaling approximately €455 million (₹4,535.44 crore). The projects involve constructing segments of the A1 Motorway Zagreb-Split-Dubrovnik. Package J324/23, valued at €240,593,861.40, covers a 9 km road segment, while Package J325/23, worth €214,452,118.69, involves an 11.5 km segment. Both projects have a 42-month completion period.

11Jul 25

AFCONS Infrastructure Issues ₹550 Crore in Commercial Papers

Afcons Infrastructure Limited has issued commercial papers worth ₹550 crore with a tenure of 91 days. The CPs, rated 'CRISIL A1+', are set to be listed on the National Stock Exchange of India Limited. They carry an 8.00% interest rate, payable upfront, with principal due at maturity on October 10, 2025. The Maharashtra State Co-Operative Bank Ltd and The Vishweshwar Sahakari Bank Ltd are the investors, with allocations of ₹500 crore and ₹50 crore respectively.

02Jul 25

AFCONS Infrastructure Secures New Contract Worth ₹175 Crore

Afcons Infrastructure has won a new contract worth ₹175 crore. This contract is expected to boost the company's revenue, expand its order book, and potentially enhance market confidence in its capabilities. While specific project details are undisclosed, the contract represents a significant business opportunity for Afcons in the infrastructure sector.

09Jun 25

Afcons Infrastructure Secures Rs 700 Crore Contract from Reliance Industries

Afcons Infrastructure has been awarded a Letter of Award from Reliance Industries for a Rs 700 crore construction project. The contract involves civil construction, mechanical works, and associated works for Vinyl Projects at Dahej, Gujarat. This significant project is expected to boost Afcons' order book and financial outlook.

02Jun 25

Afcons Infrastructure Secures ₹464 Crore Water Supply Project in Rajasthan

Afcons Infrastructure has been awarded a significant water supply project in Rajasthan valued at ₹464.00 crore. The project, while details remain undisclosed, is expected to contribute to the region's water infrastructure development. This contract strengthens Afcons' presence in Rajasthan and the water infrastructure segment, potentially enhancing its competitive position in securing large-scale government projects.

30May 25

Afcons Infrastructure Secures ₹464 Crore Water Supply Project in Rajasthan

Afcons Infrastructure has been awarded a significant water supply project in Rajasthan valued at ₹464.00 crore. The project is expected to strengthen the company's order book and potentially boost its revenue. While specific details about the project's scope and timeline are not disclosed, it aligns with the company's expertise in large-scale infrastructure projects and reinforces its position in the water management sector. This contract also reflects ongoing government investments in water infrastructure, particularly in water-scarce regions like Rajasthan.

28May 25

Afcons Infrastructure Eyes 20-25% Growth, Faces Labor Challenges

Afcons Infrastructure aims for 20-25% top-line growth in FY26, supported by a Rs 36,869.00 crore order book. The company is shifting focus to urban infrastructure, targeting 50% of its portfolio in this sector. Recent payment delays and liquidity issues are improving, but labor sourcing remains a challenge. Afcons' growth strategy hinges on navigating these challenges while capitalizing on urban development opportunities.

27May 25

Afcons Infrastructure Eyes 20-25% Revenue Growth for FY26

Afcons Infrastructure, a subsidiary of Shapoorji Pallonji And Company Private Limited, has announced a revenue growth target of 20-25% for fiscal year 2026. This projection suggests a strong order book, anticipated project completions, and potential new contract wins. The forecast may also indicate broader positive trends in the infrastructure sector, including increased government spending and growing demand in emerging markets.

23May 25

Afcons Infrastructure Reports Strong Q4 Profit Growth, Plans NCD Issuance

Afcons Infrastructure's Q4 net profit rose 34.62% to 1.75 billion rupees, despite a 9.55% revenue decline to 32.20 billion rupees. EBITDA increased to 3.60 billion rupees, with margin improvement to 11.18%. The company announced a 2.50 rupees per share dividend and plans to raise up to 7.50 billion rupees through NCDs. Full-year results show increases in total revenue (4.99%), net profit (9.47%), and EBITDA (14.97%).

04Apr 25

Afcons Infrastructure Secures Raghavpur Multipurpose Project with Environmental Clearance

Afcons Infrastructure Ltd. has been awarded the Raghavpur Multipurpose Project by the Narmada Valley Development Authority in Madhya Pradesh. The project includes constructing a dam on the Narmada River, installing a 25 MW powerhouse, and implementing a piped irrigation system for 17,587 hectares. Environmental clearance has been granted by the Madhya Pradesh State Environment Impact Assessment Authority. The project aims to boost agricultural productivity and clean energy generation in the region.

04Apr 25

Afcons Infrastructure's Raghavpur Multipurpose Project Secures Environmental Clearance

Afcons Infrastructure Limited has received environmental clearance from the Madhya Pradesh State Environment Impact Assessment Authority for its Raghavpur Multipurpose Project. The project in Dindori district includes constructing a dam on the Narmada River, installing a 25 MW powerhouse, and implementing a piped irrigation system covering 17,587 hectares. The project aims to enhance agricultural productivity and contribute to clean energy generation. Afcons' scope includes land acquisition, R&R compliances, and obtaining statutory clearances.

28Feb 25

Income Tax Department Conducts Survey at AFCONS Infrastructure Offices

The Income Tax Department has initiated a survey at AFCONS Infrastructure Limited's offices in Mumbai and Delhi. This action is part of a routine tax compliance check, with the exact nature and scope undisclosed. AFCONS, a major player in infrastructure and construction, has not released an official statement. The survey's outcomes could range from no further action to additional scrutiny or potential penalties, depending on the findings.