Rs 36,869 crore order book: Civil construction company bags new order worth Rs 175 crore from Mota Bhai’s Reliance Industries Ltd

The stock is up by 13.6 per cent from its 52-week low of Rs 382.40 per share.

Afcons Infrastructure Limited announced it was awarded a Letter of Commitment (LoC) from Reliance Industries Limited (RIL) for Civil & Structural Erection work at Jamnagar, Gujarat. The project's estimated value is Rs 175 crore, excluding GST, and will be paid based on the actual work executed per the contract. Both parties will mutually agree upon the tentative completion date for the work.

Earlier, the company had received a Letter of Award (LoA) from Reliance Industries Limited (RIL) for construction works related to the Vinyl Projects at Dahej, Gujarat. This intimation was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project, which involved civil, mechanical, and associated works including installation, testing, and commissioning, had an estimated value of Rs. 700 Crores, excluding GST, and was expected to be completed by the end of June 2026. The payment was to be made based on the actual value of work executed as per the contract.

About Afcons Infrastructure Ltd

Afcons Infrastructure Ltd is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. It has a legacy of over six decades, with a strong track record of executing numerous technologically complex EPC projects both within India and internationally. As per the latest ENR survey, Afcons is ranked in the Top 140 international Contractors globally; 12th in Bridges and 14th in Marine & Ports. The company has a market cap of over Rs 15,000 crore and as of March 31, 2025, the order book stands at Rs 36,869 crore excluding lowest bidder (L1) orders. The stock is up by 13.6 per cent from its 52-week low of Rs 382.40 per share.

Disclaimer: The article is for informational purposes only and not investment advice.