+
Afcons Infra Shares Rise After Rs 12.83 Billion Gujarat Contract Win
ECONOMY & POLICY

Afcons Infra Shares Rise After Rs 12.83 Billion Gujarat Contract Win

Afcons Infrastructure, part of the Shapoorji Pallonji Group, has secured a significant Rs 12.83 billion contract for the marine package at Tuna Tekra, Gujarat, attracting attention to its shares.

The company will handle the design and construction of the container terminal at Tuna Tekra (Package-1), with the project slated for completion in 29 months under an engineering, procurement, and construction (EPC) model.

Additionally, Afcons was awarded two projects worth Rs 47.87 billion for constructing access-controlled sections of the Pune Ring Road (East), with a 36-month timeline for completion.

Both projects were awarded by the Maharashtra State Road Development Corporation (MSRDC). Despite these major project wins, Afcons’ shares have declined 15% year-to-date and 13% over the past month. The company’s current market capitalisation is Rs 168.5 billion.

(ET)

Afcons Infrastructure, part of the Shapoorji Pallonji Group, has secured a significant Rs 12.83 billion contract for the marine package at Tuna Tekra, Gujarat, attracting attention to its shares. The company will handle the design and construction of the container terminal at Tuna Tekra (Package-1), with the project slated for completion in 29 months under an engineering, procurement, and construction (EPC) model. Additionally, Afcons was awarded two projects worth Rs 47.87 billion for constructing access-controlled sections of the Pune Ring Road (East), with a 36-month timeline for completion. Both projects were awarded by the Maharashtra State Road Development Corporation (MSRDC). Despite these major project wins, Afcons’ shares have declined 15% year-to-date and 13% over the past month. The company’s current market capitalisation is Rs 168.5 billion. (ET)

Next Story
Infrastructure Urban

Hindmetal Pioneers EM Tech in Mineral Exploration

Hindmetal Exploration Services (HESPL), a wholly owned subsidiary of Hindustan Zinc, has become the first company in India to deploy advanced Electromagnetic (EM) technologies for mineral exploration. The initiative marks a major leap in the nation’s ability to identify hidden mineral resources with unprecedented precision.The breakthrough involves two cutting-edge tools: borehole EM, which detects and maps conductive ore bodies such as sulfide deposits in high detail, and SQUID surface sensors, which capture even the weakest electromagnetic signals—ideal for spotting low-conductivity or d..

Next Story
Infrastructure Urban

Autodesk Launches Local Data Storage for India

Autodesk has announced the launch of localized data storage in India, enabling businesses and public sector organizations to store and manage project data within the country. This expansion, part of Autodesk’s global regional offerings, supports regulated sectors such as government, infrastructure, and utilities by meeting compliance requirements while ensuring enterprise-grade security, privacy, and data recoverability.The move comes as Autodesk’s 2025 State of Design & Make report reveals that while digital transformation drives significant ROI in the architecture, engineering, const..

Next Story
Infrastructure Urban

Rosatom Opens Pilot Uranium Facility at Tanzania’s Mkuju River Project

Mantra Tanzania, a subsidiary of Uranium One Group (part of Rosatom), has commissioned a pilot uranium processing facility at the Mkuju River project in southern Tanzania. The inauguration, attended by Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania, alongside senior government officials, community leaders, and Rosatom representatives, marks a major step forward in Russia–Tanzania nuclear energy cooperation.Alexey Likhachev, Director General of Rosatom, said: “Rosatom offers its cutting-edge uranium processing technologies to unlock Tanzania’s geological ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?