Afcons Infrastructure, the construction company of Shapoorji Pallonji Group, has got another big project. The company informed the stock market that it has received a construction order worth Rs 1006.74 crore from Madhya Pradesh Metro Rail Company. The company received this order on December 14 and this is the second big project received by the company this week.
Order for Bhopal Metro Project
Afcons Infrastructure has received Letter of Acceptance (LoA) from Madhya Pradesh Metro Rail Company for package BH-5 of Bhopal Metro Rail Project. Under this project, the company has to build 13 metro stations and elevated viaduct on a route more than 12 kilometers long. This project further strengthens the company’s expertise in metro construction.
Earlier, on December 11, the joint venture of Afcons had also got a water supply project worth more than Rs 500 crore. This week has been full of success for the company.
Recently listing has happened
Afcons Infrastructure company had listed in the stock market on 4 November. The issue price was Rs 463, but it was listed at Rs 426 with a discount of 8%. Despite this, this stock has registered a gain of more than 11% in a month. On December 13, the stock closed at Rs 522.65 with a decline of 0.65%.
Projects around the world
Afcons Infrastructure is one of the leading companies in the infrastructure, engineering and construction sector. The company has so far worked in 30 countries and has completed 79 projects worth Rs 56,305 crore. The name of the company is also recorded in the World Book of Records, when it built the 9.02 km long Atal Tunnel in the Himalayas. This is the longest highway tunnel located at the highest altitude in the world.
work on big projects
Afcons has worked on many big and high-profile projects. These include Delhi Metro Phase-3, Kanpur Metro, Udhampur-Srinagar-Baramulla Rail Link and many big construction projects in foreign countries. The company’s capabilities and experience make it one of the most trusted companies in the construction sector.
What are the prospects ahead?
It is clear from the recent success of Afcons Infrastructure that the company has a strong hold in the construction sector. With increasing projects and experience, this company can achieve even bigger projects in future.
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