Afcons Infrastructure Ltd awarded LoA by Reliance Industries Ltd

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 order is for Construction works for Vinyl Projects of RIL at Dahej, Gujarat. The scope of work includes civil, mechanical and associated works with installation, testing and commissioning works.

The contract value of Rs. 700 crores (excluding GST) is an indicative value and the payment shall be made as per the actual value of the work executed as per the Contract.

Shares of Afcons Infrastructure Limited was last trading in BSE at Rs. 435.05 as compared to the previous close of Rs. 423.80. The total number of shares traded during the day was 82827 in over 2102 trades.

The stock hit an intraday high of Rs. 437.50 and intraday low of 425.15. The net turnover during the day was Rs. 35778311.00.

Source : Equity Bulls

Keywords

AfconsInfrastructure INE101I01011 CivilConstruction LoA OrderWin RelianceIndustries