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Latest news about Afcons Infrastructure

Afcons Infrastructure Shares Surge on €677 Million Croatia Railway Contract Win Jul 22, 2025

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.

Afcons Infrastructure Shares Surge 3.7% on Winning €677 Million Croatian Railway Contract Jul 22, 2025

Afcons Infrastructure Secures Lowest Bid for €677 Million Croatian Railway Project Jul 21, 2025

Afcons Infrastructure Secures Lowest Bidder Status for €455 Million Croatian Road Projects Jul 18, 2025

Afcons Infrastructure Secures Lowest Bidder Status for €455 Million Croatian Road Projects Jul 17, 2025

More news about Afcons Infrastructure

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.