Introduction:
Leading infrastructure company has emerged as the lowest bidder for two major Pune Ring Road projects. The ₹4,787.20 crore development involves constructing access-controlled roads, with a 36-month completion timeline for both packages under the EPC model.
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Share price movement of Afcons Infrastructure:
On January 13, 2025, Afcons Infrastructure Ltd opened at ₹489.35, down 1.98% from its previous close of ₹499.15. The stock reached a high of ₹495.95 and a low of ₹465.90. By 4:00 PM, it traded at ₹479.60, a 3.92% decrease, with a market cap of ₹17,638.95 crore.
Afcons Wins Bid for Pune Ring Road:
Afcons Infrastructure Limited has secured the status of the lowest bidder (L1) for two key projects under the Pune Ring Road development. The Maharashtra State Road Development Corporation Ltd. (MSRDC) invited tenders for the construction of the access-controlled Pune Ring Road (East) packages PRR E5 and PRR E7.
The combined value of both packages amounts to ₹4,787.20 crore. Package PRR E5 covers the construction of a 9.565 km stretch from Valati to Sonori, while Package PRR E7 focuses on the 6.24 km stretch between Garade and Shiware, both located in Pune district.
Both projects will be executed under the Engineering, Procurement, and Construction (EPC) model with a completion timeline of 36 months each. Afcons Infrastructure’s successful bid strengthens its position in India’s infrastructure sector, particularly in road and highway projects.
Recent news on Afcons Infrastructure:
As of November 22, 2024, Afcons Infrastructure Limited has secured a ₹1,274 crore order from Uttarakhand Project Development and Construction Corporation Ltd. The order pertains to civil works and construction of a 130.6 m high concrete gravity dam across River Song in Dehradun.
Stock performance of Afcons Infrastructure for Period of 1 week and 1 month:
Afcons Infrastructure Ltd. has experienced a decline of 5.65% over the past week and 4.54% over the last month. Despite recent fluctuations, the company continues to maintain a strong presence in infrastructure development with a market cap of ₹17,638.95 crore.
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Shareholding pattern of Afcons Infrastructure:
| All values in % | Oct 2024 |
| Promoter | 50.20% |
| FII | 8.20% |
| DII | 13.20% |
| Public | 28.40% |
About Afcons Infrastructure:
Afcons Infrastructure Ltd. (NSE: AFCONS) is a leading EPC contractor, specializing in complex infrastructure projects. Part of the Shapoorji Pallonji Group, it has executed 79 projects across 17 countries, with a focus on innovative and large-scale construction in India and internationally.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
