Afcons Infrastructure Secures ₹576 Crore Civil and Allied Works Contract

Mumbai, October 10, 2025 – Afcons Infrastructure Ltd (NSE: AFCONS, BSE: 544280) announced that the company won a ₹576 crore civil and allied infrastructure project (GST inclusive). This reflects strong project order development with persistent business execution by the infrastructure leader.

Contract Details

The company reported that it has secured the civil and allied infrastructure work valued at around an estimated ₹576 crore, including GST. The order is provided under the current business activities, reflecting the continuous order inflows the firm has experienced during the reporting period in the engineering and construction business. The new order also establishes Afcons as the firm to undertake the sophisticated infrastructure work within India.

Stock Snapshot

On reporting day, the stock price of Afcons Infrastructure closed at ₹462.85, an intraday dip of 0.61%. The stock had gained 5.4% for the previous five days as well as 9.7% for the previous month, but had depreciated by 12% during the calendar year so far.

The stock opened at ₹474.90, reached an intraday high of ₹479.40, and dipped to the low level of ₹466.90. The firm’s market capitalisation level is ₹17,300 crore, currently commanded by the P/E multiple of 31.82, with the offer giving a 0.53 percent dividend. The stock has varied between the 52-week high level of ₹570 and the low level of ₹390 during the past year.

Management Commentary

In a regulatory filing, Gaurang Parekh, Company Secretary and Compliance Officer, confirmed that the new project award is in line with Afcons’ core business focus and forms part of its routine infrastructure development activities. The corporation is still targeting big-ticket, large-scale orders better suited for its long-term growth strategy.

Afcons Infrastructure Ltd. is among the largest engineering and construction companies from India, having its head office in Mumbai. The firm is engaged in marine, transport, hydro, and urban infrastructure activities. The stock is listed on NSE and BSE and is also one of the constituents of the Nifty Smallcap 250 Index.

REF: https://nsearchives.nseindia.com/corporate/AFCONS_09102025153312_Afcons_IntimationofAward.pdf

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