This company got a big order from Metro Rail!
Shapoorji Pallonji Group's construction company Afcons Infrastructure has got another big project. The company informed the stock market that it has received a construction order of Rs 1006.74 crore from madhya pradesh Metro rail Company. The company received this order on 14 december and this is the second big project received by the company this week.
Order for bhopal Metro Project
Afcons Infrastructure has received a letter of Acceptance (LoA) from madhya pradesh Metro rail Company for package BH-5 of bhopal Metro rail Project. Under this project, the company has to build 13 metro stations and elevated viaducts on a route more than 12 km long. This project further strengthens the company's expertise in metro construction. Earlier, on 11 december, Afcons's joint venture also received a water supply project worth more than Rs 500 crore. This week has been full of success for the company.
Recently listed
Afcons Infrastructure company was listed in the stock market on 4 November. The issue price was Rs 463, but it was listed at Rs 426 with an 8% discount. Despite this, the stock has registered a gain of more than 11% in a month. On december 13, the stock closed at Rs 522.65 with a decline of 0.65%.
Projects around the world
Afcons Infrastructure is one of the leading companies in the infrastructure, engineering and construction sector. The company has worked in 30 countries so far and has completed 79 projects worth Rs 56,305 crore. The company's name is also recorded in the World Book of Records, when it built the 9.02 km long Atal Tunnel in the Himalayas. It is the longest highway tunnel located at the highest altitude in the world.
Work on big projects
Afcons has worked on many big and high-profile projects. These include delhi Metro Phase-3, kanpur Metro, Udhampur-Srinagar-Baramulla rail link and many big construction projects abroad. The company's capability and experience make it one of the most trusted companies in the construction sector.