Afcons Infra Surges on Rs 10.06 Billion Bhopal Metro Contract
Afcons Infrastructure’s shares rose 4.04% to Rs 543.75 after securing a Letter of Acceptance (LoA) from the Madhya Pradesh Metro Rail Company for a Rs 10.06 billion contract under the Bhopal Metro Rail Project. The awarded contract, known as Package BH-05, involves the design and construction of an elevated viaduct and 13 elevated metro stations. These stations will link Bhadbhada Chauraha to Ratnagiri Tiraha on the Blue Line, excluding an elevated passenger interchange station. The project also includes access to the depot along specified chainages. The project is scheduled for completion within 36 months. Afcons Infrastructure, the flagship engineering and construction company of the Shapoorji Pallonji Group, has a six-decade legacy of executing complex EPC projects in India and abroad. The company recently reported a 30% jump in consolidated net profit to Rs 1.35 billion in Q2 FY25, despite an 11.22% decline in revenue from operations, which stood at Rs 2,959.89 crore, compared to Q2 FY24. Afcons shares reached an intraday high of Rs 564.40, marking a record peak during today’s trading session. (Business Standard)
Related Stories
Cloverleaf Flyover Planned on Trichy-Madurai NH at Panjapur
Six-lane flyover to ease traffic near upcoming Tidel Park, market
Centre Plans Rs 15 Bn Boost for NE Waterways by 2028
Sonowal reviews key Assam, NE projects to drive Viksit Bharat.
Page {{currentPage}} of {{pageCount}}
{{#products}}
{{copy}}