Introduction:
Infra stock, as part of a joint venture, secured a ₹503.86 crore water supply project under Jal Jeevan Mission in Rajasthan, showcasing its commitment to rural development and infrastructure expertise with a 10-year operation and maintenance contract.
Share Price movement of Afcons Infrastructure:
On December 12, 2024, Afcons Infrastructure Ltd (AFCONS) opened at ₹535.00, reached an intraday high of ₹538.95, and a low of ₹523.35. The stock is currently priced at ₹528.50, marking a 0.78% increase from previous close of 524.40, with a market capitalization of ₹19,439.26 crore.
Afcons Infrastructure share price rise:
Afcons Infrastructure Limited, in joint venture with Hindustan Project as M/s. Afcons-Hindustan JV, has emerged as the lowest bidder (L1) for a ₹503.86 crore water supply project under the Jal Jeevan Mission for 353 villages in Rajasthan.
The project includes construction of an intake well, water treatment plant, and entire transmission system up to OHSRs for villages in Dungarpur district. It also involves a 10-year operation and maintenance (O&M) contract following a one-year defect liability period.
Awarded by the Public Health Engineer Department, Udaipur, through the Rajasthan government’s e-procurement system, this significant project reflects Afcons’ expertise in infrastructure development and its commitment to enhancing water supply systems in rural India.
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Recent news About Afcons Infrastructure:
Afcons Infrastructure, part of the Shapoorji Pallonji Group, listed at ₹426 on NSE and ₹430.05 on BSE on November 4, 2024, marking an 8% and 7.12% discount from its IPO price of ₹463. This debut reflects cautious investor sentiment in the infrastructure sector.
Stock performance of Afcons Infrastructure for Period of 1 week:
Afcons Infrastructure experienced a slight decline in its stock performance over the past week, with a return of -0.33%. This minor fluctuation reflects the stock’s stable position, highlighting minimal changes in investor sentiment during the observed period.
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Shareholding pattern of Afcons Infrastructure:
| Summary | Oct-24 |
| Promoter | 50.20% |
| FII | 8.20% |
| DII | 13.20% |
| Public | 28.40% |
About Afcons Infrastructure:
Afcons Infrastructure specializes in engineering and construction, delivering complex projects across transportation, marine, industrial, and urban infrastructure. With a global presence, the company excels in innovative solutions, contributing significantly to infrastructure development in India and international markets.
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.
