Afcons Infrastructure emerges lowest bidder for railway project in Croatia worth over Rs 6,800 crore
The project involves the reconstruction of the existing line and the construction of a second track on the Dugo Selo–Novska railway route. It also includes overhead electrification, along with signalling and telecommunication works—making it a comprehensive infrastructure upgrade.
The estimated contract value is EUR 677 million, which is approximately ₹6,800 crore (excluding taxes). The execution period for the project has not been explicitly mentioned but will follow standard timelines for similar international railway projects.
This win marks a significant milestone for Afcons Infrastructure, boosting its presence in the European market and reinforcing its capabilities in large-scale transportation and infrastructure development.
In the meantime, on July 17, the company also emerged as the lowest bidder for two key road construction packages in Croatia, part of the strategic A1 Motorway stretch connecting Zagreb, Split, and Dubrovnik. The first package (J324/23), worth €240.59 million (approx. ₹2,398 crore), involves building a 9-km stretch between Rudine and Slano. The second (J325/23), valued at €214.45 million (approx. ₹2,137.44 crore), covers 11.5 km from Slano to Puo Mravinjac. Both contracts, awarded by Croatian Motorways Ltd, are BOQ/item rate based and have a timeline of 42 months for completion.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Anteris (AVR) Welcomes Two Directors as Major Trial Approaches
Anteris Technologies Global Corp. (NASDAQ:AVR) is one of the 11 Best New Penny Stocks to Buy Right Now. On June 9, Anteris Technologies Global Corp. (NASDAQ:AVR) announced that two new members, Mr. David Roberts and Mr. Gregory Moss, have joined its Board of Directors. Mr. Gregory Moss is the Chief Business and Legal Officer, Corporate Secretary and Chief Compliance Officer at Evommune, Inc. On the other hand, Mr. David Roberts has been the President of LeMaitre Vascular, Inc. since 2007. A scientist in a lab coat looking through a microscope, evaluating an advanced medical device. The company welcomed Mr. Roberts and Mr. Moss as it prepares to start the pivotal clinical trial for the DurAVR THV global, called the PARADIGM Trial. The two new directors are highly accomplished healthcare executives based in the US, and they will help the company transition to its next phase of growth. The PARADIGM study is scheduled for the third quarter of 2025. With the help of Mr. Roberts and Mr. Moss, Anteris Technologies Global Corp. (NASDAQ:AVR) aims to take this important step and move towards getting approval from the US and European regulators for the DurAVR THV for patients with aortic stenosis. Anteris Technologies Global Corp. (NASDAQ:AVR) is a global structural heart company focused on designing, developing, and commercializing cutting-edge medical devices for cardiac care. While we acknowledge the potential of AVR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 minutes ago
- Yahoo
ASML Slides From Buy to Hold — Analyst Cites Slower Growth Ahead
ASML Holding N.V. (NASDAQ:ASML) is one of the . On July 23, Erste Group analyst Hans Engel downgraded the stock from Buy to Hold due to uncertainty revolving around its revenue growth prospects for 2026. ASML's revenue and profit growth are both expected to be lower than in 2025. The firm believes that ASML maintains 'a monopoly position in state-of-the-art lithography systems,' particularly highlighting the company's leading market position in advanced chipmaking equipment. A close-up of a financial analyst looking intently at an investment portfolio of underlying assets. As per the research note, ASML's third quarter guidance for total net sales is between EUR 7.4 billion and EUR 7.9 billion. The firm added that it also anticipates a slightly lower gross margin of 50% to 52% in the third quarter in comparison to the previous quarter. ASML Holding N.V. (NASDAQ:ASML) develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing. While we acknowledge the potential of ASML as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
39 minutes ago
- Yahoo
High-tech company unveils game-changing alternative to traditional rubber tires: 'Attests to the responsible management … from plantation to factory'
Tire company Pirelli turned heads after revealing a revolutionary new tire made mostly from plant-based and recycled materials, Interesting Engineering reported. The new Pirelli P Zero is the first standard-production tire "for the global market made with over 70% bio-based and recycled materials," according to a Pirelli press release. The 22-inch tires, designed specifically for Jaguar Land Rover, incorporate steel recycled from scrap metal, oils from end-of-life tires, silica derived from rice husks, and Forest Stewardship Council-certified natural rubber, Pirelli said. The tires also use bio-circular polymers made out of used cooking oil and plant-based plasticizers. All of these advancements significantly reduce the amount of dirty-fuel-based materials used in the tire but without compromising the tire's ultra-high-performance rating, according to Pirelli. The production, wear, and disposal of automobile tires take a significant, yet often overlooked, toll on public health and the environment. "Global dependence on tires produced from natural rubber and petroleum-based compounds, including plastics, represents a persistent and complex environmental problem with only partial and often-times, ineffective solutions," the EPA said in a risk assessment. The production and use of automobile tires produce heavy metals and other toxins that are released into the environment as "chemical cocktails," per the EPA. "Tire dust emitted during use is a major component of urban runoff and a source of unique and highly potent toxic substances, many of which are currently unknown or poorly described," the EPA risk assessment found. That Pirelli engineers have succeeded in developing an ultra-high-performance, 22-inch tire suitable for the luxury market while using 70% recycled and plant-based materials serves as proof that more environmentally friendly tires are possible. What factor would make you most likely to get an induction stove? Energy savings Faster cook time Cleaner air when cooking Government incentives Click your choice to see results and speak your mind. In 2021, Pirelli manufactured its first tire using Forest Stewardship Council-certified rubber, and the company has said that all of its European manufacturing facilities will be FSC-certified by 2026. "This certification attests to the responsible management of the natural rubber supply chain, from plantation to factory," Pirelli said in its press release. The new Pirelli P Zero will be available on select 22-inch Range Rover wheel options, the company said. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
