Afcons Secures ₹175 Crore Contract from Reliance for Jamnagar Expansion
By Shishta Dutta | Updated at: Oct 17, 2025 01:42 PM IST
Mumbai, July 2, 2025 – Afcons Infrastructure Ltd (NSE: AFCONS, BSE: 544280) has announced the receipt of LoC (Letter of Commitment) from Reliance Industries Limited for carrying out civil and structural erection work at the RIL’s Jamnagar site (Gujarat). The announcement increases Afcons’ credibility and enhances the likelihood of winning future contracts from peer entities in the future.
The announcement also helps Afcons to benefit from long-duration, high-value infrastructure development cycles.
At 12:15 PM on Wednesday, Afcons’ share price was ₹428.60, down by 1.11% from the previous close.
₹175 Crore Project Strengthens Afcons’ Industrial Infra Portfolio
As per the disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, the indicative value of the contract is ₹175 crore (excluding GST). The final payment will be made based on actual work executed as per the terms of the contract.
| Project | Estimated Value (ex-GST) | Mode | Completion Period |
|---|---|---|---|
| Civil & Structural Erection Work | ₹175 crore | BOQ | To be mutually agreed upon |
The project timeline remains flexible and will be finalised jointly by both companies. This win marks a strategic reinforcement of Afcons’ long-standing capabilities in delivering high-value civil infrastructure projects for industrial clients.
Regulatory Compliance
This disclosure was made per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and filed with both BSE and NSE on July 2, 2025.
About the Company
Afcons Infrastructure Ltd is a leading EPC company listed on NSE and BSE, specialising in marine, industrial, and transport infrastructure. The company is part of the Shapoorji Pallonji Group and is recognised for executing complex engineering projects worldwide.
REF: https://nsearchives.nseindia.com/corporate/AFCONS_02072025101201_Afcons_Intimation_of_LetterofCommitmentfromRIL.pdf
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