Afcons forays in Europe

Afcons Infrastructure Ltd is pleased to announce that it has received intimation of the client's decision of being selected as the most suitable bidder, with a proposal to accept its bid for rehabilitation and construction of a Railway Line in Europe. This project underscores Afcons' long-term commitment to delivering world-class infrastructure globally and is to be the company's largest international order to date.

Mr Krishnamurthy Subramanian, Executive Chairman, Afcons Infrastructure Ltd, said, "This milestone project, marks a significant step in Afcons' global journey, with an entry into Europe. It reflects our ability to deliver complex, large-scale infrastructure solutions across geographies. We are proud to contribute to the modernization of a railway network in a European country, and this achievement further strengthens our position as a trusted partner in international infrastructure development."

Mr S Paramasivan, Managing Director, Afcons Infrastructure Ltd, said, "The project entails the reconstruction of the existing track and construction of a second track railway line. In addition to civil works, the scope includes overhead electrification, signalling, and telecommunication works. The project is valued at €677.07 million, excluding taxes (Approx. INR 7544 Cr.). It contributes to and follows the vision of the Honourable Prime Minister of India, i.e. 'Making for the World'."

Afcons is committed to creating sustainable value for stakeholders through transformative projects that connect communities and drive economic growth.

Shares of Afcons Infrastructure Limited was last trading in BSE at Rs. 326.55 as compared to the previous close of Rs. 340.75. The total number of shares traded during the day was 38788 in over 1699 trades.

The stock hit an intraday high of Rs. 337.00 and intraday low of 325.50. The net turnover during the day was Rs. 12753965.00.

Source : Equity Bulls

Keywords

AfconsInfrastructure INE101I01011 CivilConstruction EuropeForay