Latest news with #AfconsInfrastructureLimited
Mint
3 hours ago
- Business
- Mint
This small-cap stock may be in focus on Monday after an order win from Reliance Industries. Do you own?
Small-cap stock Afcons Infrastructure may attract significant investor interest on Monday, June 9, after winning an order from Reliance Industries for construction work related to the Vinyl Projects at Dahej, Gujarat. In an exchange filing on Saturday, June 7, "We are pleased to inform that Afcons Infrastructure Limited has been awarded a letter of award (LoA) from Reliance Industries Limited for the execution of construction works related to the Vinyl Projects at Dahej, Gujarat." The scope of work includes civil, mechanical and associated works with installation, testing and commissioning works. The estimated value of the contract, excluding GST, is ₹ 700 crore, said the company. Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. Meanwhile, the company's March quarter (Q4FY25) results came on a weaker side. Its Q4FY25 revenue from operations stood at ₹ 3,223.27 crore from ₹ 3,636.43 crore in Q4FY24. Profit after tax (PAT) for the quarter under review came at ₹ 110.92 crore from ₹ 144.90 crore year-on-year. Diluted earnings per share for Q4FY25 stood at ₹ 3.02 from ₹ 4.25 in Q4FY24. The small-cap stock has been under pressure over the last year, falling 8 per cent. The pressure has intensified this year as year-to-date, the stock has plunged 19 per cent. It hit a 52-week low of ₹ 382.40 on April 7 this year after hitting a 52-week high of ₹ 570 on January 3. On a monthly scale, the stock has climbed nearly 3 per cent in June so far after a 1 per cent gain in May. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
India.com
19 hours ago
- Business
- India.com
Big move by Mukesh Ambani as Reliance gives Rs 7000000000 order to company named..., it's business is...
(File) Afcons Infrastructure Limited has secured a contract worth Rs 700 crore from Mukesh Ambani-led Reliance Industries for civil, mechanical, installation, testing and commissioning works on the Vinyl Project in Dahej, Gujarat, which is scheduled for completion by June 2026. In a regulatory filing, Afcons Infra said it has been Letter of Award (LOA) from Reliance Industries Limited for a Rs 700 crore contract Afcons Infrastructure share prices surge after Reliance contract Meanwhile, the contract from Mukesh Ambani's Reliance has translated into a significant boost for Afcons in the stock market, with the company's shares closing at Rs 436 apiece on Monday, gaining nearly 3 percent. According to its quarterly results, Afcons Infrastructure witnessed a 23% decline in its net profit to Rs 110.92 crore in the March quarter which ended on March 31, against Rs 144.90 crore in the same quarter a year ago. In the previous quarter, the company had posted a net profit of Rs 148.85 crore. Afcons' revenue from operations stood at Rs 3,223.27 crore in the fourth quarter of FY 25, against Rs 3,636.43 crore in the same period last year. The company's Board of Directors have also approved a dividend of Rs 2.50 for its shareholders. In a stock exchange filing, Subramanian Krishnamurthy, the Executive Vice Chairman (Whole-time Director) of Afcons Infrastructure, said the company's debt metric has improved by a significant margin, with an order book of Rs Rs 36,869 crore, excluding L1 projects worth Rs 10,662 crore. About Afcons Infrastructure A part of the Shapoorji Pallonji Group, Afcons Infrastructure Limited is an Indian multinational construction and engineering company that specializes in infrastructure projects. Afcons has executed more than 350 infrastructure projects in over 25 countries globally, and has worked on key infrastructure projects in India, including the Chenab Rail Bridge in Jammu and Kashmir, and the construction of an underground section of the Kanpur Metro.
India.com
21 hours ago
- Politics
- India.com
Chenab railway bridge, taller than Eiffel Tower, is constructed by..., its cost Rs...
दुनिया का सबसे ऊंचा रेल ब्रिज Prime Minister Narendra Modi on Friday inaugurated the Chenab Railway Bridge, the World's tallest Bridge, soaring 359 metres above the riverbed, making it 35 metres higher than the iconic Eiffel Tower in Paris. Spanning the Chenab River, this architectural feat is part of the monumental Udhampur-Srinagar-Baramulla Railway Link (USBRL), now fully operational and linking the Kashmir Valley with the rest of India by rail for the first time. The inauguration coincided with PM Modi's first visit to Jammu and Kashmir following 'Operation Sindoor', launched after the April 22 terror attack in Pahalgam that claimed 26 lives. The Chenab Railway Bridge is anticipated to significantly enhance transport, ease of traveling, and trade in the area. More than just a connectivity upgrade, it is expected to be a catalyst for economic growth and development in Jammu and Kashmir. As a vital component of the Udhampur-Srinagar-Baramulla Railway Link (USBRL) project, the bridge has been engineered for durability and resilience. Built to endure extreme conditions, it can withstand powerful earthquakes and wind speeds reaching up to 266 km/h. With a projected lifespan of 120 years, it stands as a symbol of long-term infrastructure planning and engineering excellence. The Chenab Railway Bridge is an engineering masterpiece made of steel and concrete, stretching 1,315 meters across the deep gorge of the Chenab River. It comprises a 530-meter-long approach bridge and a 785-meter-long deck arch bridge — the main section that carries the railway line. The world's tallest railway bridge was constructed mainly by Afcons Infrastructure Limited, with various other firms like VSL India and South Korea's Ultra Construction & Engineering Company also contributing significantly to its completion. Konkan Railway Corporation Limited supervised the entire project on behalf of Northern Railway. Several other companies and organizations also contributed to the bridge's design and unique features. For example, Finland's WSP Group and Germany's Leonhardt Andrä and Partners were involved in the design process. Additionally, the Defence Research and Development Organisation (DRDO) provided its expertise to make the bridge blast-proof.
Business Upturn
a day ago
- Business
- Business Upturn
Afcons Infrastructure secures Rs 700 crore Vinyl Project contract from Reliance Industries
Afcons Infrastructure Limited has recently informed exchanges that the company received a Letter of Award (LoA) from Reliance Industries Limited (RIL) for the execution of construction works related to its Vinyl Projects at Dahej, Gujarat. This major development reinforces Afcons' strong presence in the infrastructure and engineering sector. The estimated contract value is approximately ₹700 crore, excluding GST. This figure is indicative, with payments to be made based on the actual value of the work executed as per the terms of the contract. The project is expected to be completed by the end of June 2026. As per the scope of the LoA, Afcons Infrastructure will undertake civil, mechanical, and associated construction works. The responsibilities also include installation, testing, and commissioning services as part of the comprehensive project package. This contract win reflects Afcons Infrastructure's continued partnership with leading corporates like Reliance Industries, highlighting its execution capabilities in large-scale industrial and infrastructure projects. In the meantime, Afcons Infrastructure shares closed at ₹435.00 on Friday, gaining modestly after opening at ₹425.95. The stock hit an intraday high of ₹437.50 and a low of ₹425.90. Despite recent volatility, Afcons remains above its 52-week low of ₹398.00, though still trading well below its 52-week high of ₹570.00. 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
Hindustan Times
a day ago
- Business
- Hindustan Times
Steep slopes, location access: How Chenab railway project team tackled construction challenges
Prime Minister Narendra Modi inaugurated the world's highest rail bridge, Chenab railway bridge, on Friday. Behind the bridge that offers connectivity of Kashmir to the rest of India, was a construction team that faced several challenges. One of the main obstacles that they dealt with was how to reach the location surrounded by the steep slopes of Himalayas. According to Afcons Infrastructure Limited, the company behind the making of the bridge, one of the key challenge was to access the bridge location and then to transport the equipments and construction material there. Initially they made use of mules and horses but over time temporary roads were made to access the site, said a spokesperson of the company. An 11- km road was constructed on the North side of the river bank and similarly a 12 km road was created on the South side. Executive Vice Chairman of Afcons, Krishnamurthy Subramanian highlighted the Chenab bridge as a marvel of engineering and told PTI that it is a 'symbol of India's resolve to conquer most formidable challenges with ingenuity and courage.' To make this project a reality, the company used world's tallest crossbar cable cranes and specialised heavy machinery as tools. Further, consolidation grouting was used to make the arch foundation of the slopes of Himalayas sturdy. According to the company, cantilever techniques was used for the erection of the arch from both sides. One of the key moment of triumph came when ' a single majestic arch approaching steadily from both banks met at the crown," in April 2021, said the company. To construct a viaduct, a structure designed to make roads and railways over rivers, was also a unique challenge. The company spokes person said, "There were multiple transition areas. Keeping this in mind, the launching sequence was meticulously planned in four sections," the spokesperson. Also read: Chenab Rail Bridge to bring Delhi and Kashmir closer | Why is it important Meanwhile the managing director of Afcons emphasised the importance of this project for the company saying, "For Afcons, it represents our unwavering commitment to nation-building and our ability to reimagine infrastructure in the toughest terrains.' He further said that this bridge will inspire generations of engineers about the power of Indian engineering. Another key milestone was that for the first time in the Indian Railways' history, a laboratory accredited by the National Accreditation Board for Testing and Calibration (NABL) was set up to ensure the quality of the project. (With PTI Inputs)
