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Infra stock jumps after it receives order worth ₹1,283 Cr from DP World Group

Infra stocks surged as a firm secured a ₹1,283 crore contract for a 29-month EPC project at Tuna Tekra terminal, strengthening its expertise in port infrastructure and marine construction.
Infra stock jumps after it receives order worth ₹1,283 Cr from DP World Group
Infra stock jumps after it receives order worth ₹1,283 Cr from DP World Group

Introduction:

Infra stocks gained momentum as a leading firm secured a ₹1,283 crore contract for designing and constructing a marine package at Tuna Tekra container terminal. The 29-month EPC project strengthens its position in port infrastructure, reinforcing expertise in large-scale marine construction.

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Share Price movement of Afcons Infrastructure:

On January 30, 2025, Afcons Infrastructure Ltd opened at ₹465.00, dropping 1.01% from its previous close of ₹457.65. The stock hit an intraday high of ₹471.70 and a low of ₹449.10 before closing at ₹453.85. Its market cap stood at ₹16,662.48 crore.

Afcons Infrastructure new order:

Afcons Infrastructure Limited has received a Letter of Award from Hindustan Gateway Container Terminal Kandla Private Limited, a DP World group entity. The contract involves designing and constructing the marine package of the Tuna Tekra container terminal in India under an EPC mode.  

The project is valued at ₹1,283 crore, excluding GST, and is set for completion within 29 months. This award strengthens Afcons Infrastructure’s position in the marine construction sector, reinforcing its expertise in executing large-scale infrastructure projects.  

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With this contract, Afcons Infrastructure continues expanding its presence in critical port infrastructure development. The company remains committed to delivering high-quality engineering solutions, enhancing India’s maritime capabilities, and supporting economic growth through modernized and efficient port facilities.

Also Read: Stocks To Watch For Budget 2025

Recent news About Afcons Infrastructure :

On November 4, 2024,  Afcons Infrastructure’s IPO debuted at a discount, listing at ₹426 on NSE and ₹430.05 on BSE, against the issue price of ₹463. The lower-than-expected listing reflects market sentiment, with investors closely monitoring the stock’s post-listing performance.

Stock performance of Afcons Infrastructure for Period of 1 week:

Afcons Infrastructure’s stock declined 7.62% over the past week, reflecting short-term volatility and selling pressure. This downturn indicates investor caution, possibly due to market trends or sector-specific factors.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of Afcons Infrastructure:

All values in %Dec-24
Promoters50.17
FII18
DII11.12
Retail & others20.71
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About Afcons Infrastructure:

Afcons Infrastructure Ltd (NSE: AFCONS) is a leading engineering and construction company specializing in large-scale infrastructure projects. It focuses on marine, transportation, and energy sectors, delivering complex projects globally. With expertise in EPC contracts, it plays a crucial role in developing modern infrastructure and sustainable engineering solutions.

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.

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