Afcons Infra Surges on Rs 10.06 Billion Bhopal Metro Contract
RAILWAYS & METRO RAIL

Afcons Infra Surges on Rs 10.06 Billion Bhopal Metro Contract

Afcons Infrastructure’s shares rose 4.04% to Rs 543.75 after securing a Letter of Acceptance (LoA) from the Madhya Pradesh Metro Rail Company for a Rs 10.06 billion contract under the Bhopal Metro Rail Project. The awarded contract, known as Package BH-05, involves the design and construction of an elevated viaduct and 13 elevated metro stations. These stations will link Bhadbhada Chauraha to Ratnagiri Tiraha on the Blue Line, excluding an elevated passenger interchange station. The project also includes access to the depot along specified chainages. The project is scheduled for completion within 36 months. Afcons Infrastructure, the flagship engineering and construction company of the Shapoorji Pallonji Group, has a six-decade legacy of executing complex EPC projects in India and abroad. The company recently reported a 30% jump in consolidated net profit to Rs 1.35 billion in Q2 FY25, despite an 11.22% decline in revenue from operations, which stood at Rs 2,959.89 crore, compared to Q2 FY24. Afcons shares reached an intraday high of Rs 564.40, marking a record peak during today’s trading session. (Business Standard)

Afcons Infrastructure’s shares rose 4.04% to Rs 543.75 after securing a Letter of Acceptance (LoA) from the Madhya Pradesh Metro Rail Company for a Rs 10.06 billion contract under the Bhopal Metro Rail Project. The awarded contract, known as Package BH-05, involves the design and construction of an elevated viaduct and 13 elevated metro stations. These stations will link Bhadbhada Chauraha to Ratnagiri Tiraha on the Blue Line, excluding an elevated passenger interchange station. The project also includes access to the depot along specified chainages. The project is scheduled for completion within 36 months. Afcons Infrastructure, the flagship engineering and construction company of the Shapoorji Pallonji Group, has a six-decade legacy of executing complex EPC projects in India and abroad. The company recently reported a 30% jump in consolidated net profit to Rs 1.35 billion in Q2 FY25, despite an 11.22% decline in revenue from operations, which stood at Rs 2,959.89 crore, compared to Q2 FY24. Afcons shares reached an intraday high of Rs 564.40, marking a record peak during today’s trading session. (Business Standard)

Next Story
Resources

KEC International Wins New Orders worth Rs. 12.36 Billion

KEC International, a global infrastructure EPC major and an RPG Group Company, has secured new orders worth Rs. 12.36 billion (bn) across various sectors.Transmission & Distribution (T&D):KEC has secured transmission line and substation orders in the Middle East (UAE and Kuwait) and a substation order from a private TBCB player in India.Civil:A residential project order from a leading private developer in Western India strengthens KEC’s presence in the civil sector.Transportation:The company has also secured an order in the prestigious Train Collision Avoidance System (TCAS) segment ..

Next Story
Infrastructure Urban

Finance Minister to Launch NITI NCAER States Economic Forum Portal

Union Finance Minister Nirmala Sitharaman is set to launch the "NITI NCAER States Economic Forum" portal on 1st April 2025 in New Delhi. Developed collaboratively by NITI Aayog and the National Council of Applied Economic Research (NCAER), the portal will serve as a comprehensive repository of economic, social, and fiscal data spanning over 30 years (1990-91 to 2022-23). Key Features of the Portal The platform is structured into four main components: State Reports: Provides macro and fiscal overviews of 28 Indian states, featuring data on demography, economic structure, socio-economic indic..

Next Story
Infrastructure Energy

IREDA’s Loan Sanctions Surge 27% to Rs 474.53 Bn in FY 2024-25

The Indian Renewable Energy Development Agency Limited (IREDA) has reported a 27% increase in loan sanctions, reaching Rs 474.53 billion for FY 2024-25, as per provisional data. Loan disbursements also saw a 20% rise to Rs 301.68 billion, up from Rs 250.89 billion in the previous fiscal year. Additionally, the outstanding loan book expanded by 28%, standing at Rs 762.5 billion as of March 31, 2025, compared to Rs 596.98 billion in FY 2023-24. IREDA’s Commitment to Renewable Energy Growth Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, emphasized the company’s commitment to t..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?