Introduction:
Leading infrastructure firm has secured a ₹1,006.74 crore contract for the Bhopal Metro Rail Project. The project involves the construction of an elevated viaduct and 13 stations, spanning 12.915 km, with a 36-month completion period.
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Share price movement of Afcons:
On December 16, 2024, Afcons Infrastructure Ltd opened at ₹536.65, up 2.67% from its previous close of ₹522.65. The stock reached a high of ₹564.40 (7.99%) and a low of ₹535.25. By 11:45 AM, it traded at ₹541.70, a 3.64% increase, with a market cap of ₹19,880.60 crore.
Afcons wins Bhopal Metro:
Afcons Infrastructure Limited has received a Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Co. Ltd. for the Bhopal Metro Rail Project. This follows their declaration as the Lowest Bidder for the construction package BH-05.
The awarded project involves the design and construction of an elevated viaduct and 13 elevated metro stations, covering a length of 12.915 km. The project is part of the Bhopal Metro Blue Line and spans from Bhadbhada Chauraha to Ratnagiri Tiraha Elevated.
The project, valued at ₹1,006.74 crore, will be completed under the EPC model within a 36-month timeline. Afcons Infrastructure’s successful bid marks a significant achievement in its infrastructure portfolio.
Recent news on Afcons:
As of November 22, 2024, Afcons Infrastructure’s share price rose 3.72%, reaching ₹506, following the receipt of a ₹1,274 crore order from Uttarakhand Project Development for the Song Dam Project in Dehradun.
Stock performance of Afcons for Period of 1 week and 1 month:
Afcons Infrastructure Ltd has experienced a slight dip of -0.42% over the past week, while showing a strong performance with a 10.1% increase in the last month, reflecting a positive upward trend in its recent market performance.
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Shareholding pattern of Afcons:
| All values in % | Oct 2024 |
| Promoter | 50.20% |
| FII | 8.20% |
| DII | 13% |
| Public | 28.40% |
About Afcons:
Afcons Infrastructure Limited (NSE: AFCONS) began in 1959 as a partnership and evolved into a public limited company in 1997. It has grown into a leading infrastructure firm with a strong legacy in civil construction and foundations.
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.
