+
Afcons shares gain momentum with Bhopal Metro Line 2 project
ECONOMY & POLICY

Afcons shares gain momentum with Bhopal Metro Line 2 project

Afcons Infrastructure made a quiet debut on the stock market on Monday but quickly gained momentum after emerging as the lowest bidder for the Bhopal metro project line 2 package.

The Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) will link Bhadbhada Chauraha and Ratnagiri Tiraha, spanning 13 elevated stations. This package, issued by the Madhya Pradesh Metro Rail Corporation (MPMRCL), involves constructing all 13 stations of the Blue Line’s viaduct. The depot will also be shared with the Orange Line (Karond Circle to AIIMS) for maintenance and stabling purposes.

Afcons extensive project portfolio includes marine and industrial developments, surface transportation, urban infrastructure, hydro and underground projects, and oil and gas ventures. With a robust international presence, the company earns about 30 per cent of its revenue from overseas markets, primarily in Asia, Africa, and the Middle East. Over the last 11 years, Afcons has successfully completed 79 projects across 17 countries, amounting to a total contract value of Rs 563.05 billion.

Afcons Infrastructure made a quiet debut on the stock market on Monday but quickly gained momentum after emerging as the lowest bidder for the Bhopal metro project line 2 package.The Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) will link Bhadbhada Chauraha and Ratnagiri Tiraha, spanning 13 elevated stations. This package, issued by the Madhya Pradesh Metro Rail Corporation (MPMRCL), involves constructing all 13 stations of the Blue Line’s viaduct. The depot will also be shared with the Orange Line (Karond Circle to AIIMS) for maintenance and stabling purposes.Afcons’ extensive project portfolio includes marine and industrial developments, surface transportation, urban infrastructure, hydro and underground projects, and oil and gas ventures. With a robust international presence, the company earns about 30 per cent of its revenue from overseas markets, primarily in Asia, Africa, and the Middle East. Over the last 11 years, Afcons has successfully completed 79 projects across 17 countries, amounting to a total contract value of Rs 563.05 billion.

Next Story
Infrastructure Urban

86 Projects Worth Rs 3.14 Billion Under Construction Post IKGS

A total of 86 projects, with combined investments of Rs 3.14 billion, which received Expressions of Interest (EOIs) at the Invest Kerala Global Summit (IKGS) held in Kochi last February, have commenced construction, said P Rajeeve, Kerala’s Minister for Industries, Law and Coir.“The IKGS attracted 424 investment projects worth Rs 17.77 billion. Of these, over 20 per cent have already begun construction,” the minister noted. Upon completion, these 86 projects are expected to generate approximately 40,439 jobs. While 268 projects have secured land, 156 are still awaiting land allotment.Raj..

Next Story
Infrastructure Energy

Shakti Pumps Raises Rs 2.92 Bn via QIP for Solar Expansion

Shakti Pumps (India) has successfully concluded its Qualified Institutions Placement (QIP), raising Rs 2.92 billion from prominent institutional investors. The issue received strong interest from both existing and new investors, reflecting their confidence in the company’s long-term growth trajectory.The funds raised will be deployed to establish a greenfield high-efficiency solar DCR cell and solar PV module manufacturing facility in Pithampur, Madhya Pradesh. The project, to be undertaken through its subsidiary Shakti Energy Solutions, will have a production capacity of 2.20 GW. This move ..

Next Story
Technology

Orient Technologies Unveils New Digital Identity on 28th Foundation Day

Orient Technologies, a leading provider of digital transformation and IT infrastructure services, has launched its refreshed digital identity to mark its 28th Foundation Day. The new identity reflects the company’s evolution from a trusted systems integrator to a strategic partner in digital transformation, while reaffirming its commitment to customer-centric innovation.Central to the brand refresh is the upgraded website, designed for intuitive navigation and aligned with client expectations. Services are now streamlined under two clear verticals—IT Infrastructure Solutions and Applicatio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?