Afcons Infra Surges on Rs 10.06 Billion Bhopal Metro Contract

17 Dec 2024 CW Team

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)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..