Rs 36,869 crore order book: Shapoorji Pallonji Group’s Civil Construction Company Bags Rs 700 Crore Contract from Reliance for Dahej Vinyl Project in Gujarat
The project is scheduled for completion by the end of June 2026.
Afcons Infrastructure Limited, a key player in India’s infrastructure engineering sector, has secured a major construction contract worth Rs 700 crore from Reliance Industries Limited. The Letter of Award (LoA) pertains to execution of civil, mechanical, and associated works—including installation, testing, and commissioning—for Vinyl Projects at Dahej, Gujarat. The project is scheduled for completion by the end of June 2026. This development significantly strengthens Afcons' position in the infrastructure and EPC space and adds to its growing portfolio of large-scale projects.
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This strategic contract award further highlights Afcons’ capability in handling complex engineering and construction assignments. It also reinforces its focus on enhancing its presence in high-growth areas like Gujarat’s industrial corridor. The addition of this contract aligns with Afcons' long-term growth strategy of expanding its footprint in core sectors such as urban infrastructure, hydro, and marine projects.
As of June 06, 2025, the stock of Afcons Infrastructure Limited is trading at Rs 435.05. The stock has touched a 52-week high of Rs 545.85 and a 52-week low of Rs 405.05, reflecting investor interest in the company’s robust order book and execution capabilities. With a market capitalization of Rs 16,000 crore and a Price-Earnings (PE) Ratio of 35.25, Afcons holds a steady position in the Mid-Cap segment of the Indian equity market.
Afcons, part of the Shapoorji Pallonji Group and established in 1959, ranks among the top 10 international marine and port facilities contractors globally. The company operates across five major verticals—Marine and Industrial, Surface Transport, Urban Infrastructure, Hydro and Underground, and Oil and Gas. Over the past 11 years, it has completed 79 projects across 17 countries, amounting to a total contract value of Rs 563.05 billion. As of June 30, 2024, the company has 65 active projects in 12 countries and an order book worth Rs 31,747.43 crore.
Major public shareholders in Afcons include Gamnat Pte. Ltd. (4.44 per cent), Synergy Solutions Investments Holding Limited (2.35 per cent), and Timf Holdings (1.03 per cent). The company’s global presence, consistent project execution, and growing order book have made it a steady performer in the infrastructure sector, especially at a time when Large-Cap and mid-cap infrastructure companies are experiencing renewed investor attention due to strong Quarterly Results and capital expenditure-led growth by the government.
Disclaimer: The article is for informational purposes only and not investment advice.