Rs 36,869 crore order book: Shapoorji Pallonji Group’s Civil Construction Company Secures Rs 463.50 Crore Water Project Covering 353 Villages, Strengthens Rural Development Focus
The project also includes operation and maintenance for ten years after a one-year defect liability period.
Afcons Infrastructure Limited has received a Letter of Award for a major water supply project in Dungarpur, Rajasthan. Valued at Rs 463.50 crore, the project will cover 353 villages and includes the construction of an intake well, a water treatment plant, and a comprehensive transmission system. The engineering and construction work is scheduled for completion within 20 months. Following construction, Afcons will be responsible for the operation and maintenance of the project for ten years, post a one-year defect liability period.
This award comes after Afcons was declared the lowest bidder for the project in December 2024. The contract adds to the company’s expanding order book and reflects its strategic focus on executing large-scale EPC (Engineering, Procurement, and Construction) projects, particularly in sectors like water supply and rural development. This development further enhances Afcons’ position in the Indian infrastructure segment.
As of May 30, 2025, the stock price of Afcons Infrastructure Limited stands at Rs 423.35. The 52-week high is Rs 545.85, while the 52-week low is Rs 405.05. With a market capitalisation of Rs 15,581 crore, the company is viewed as a key player among Mid-Cap infrastructure firms. It trades at a Price-Earnings (PE) ratio of 35.24, with notable public shareholders such as Gamnat Pte. Ltd. (4.44 per cent), Synergy Solutions Investments Holding Limited (2.35 per cent), and Timf Holdings (1.03 per cent). Although Afcons is not yet known for dividend announcements or bonus issues, its consistent project wins highlight potential long-term value.
Founded in 1959 and part of the Shapoorji Pallonji Group, Afcons is one of India's leading infrastructure engineering firms. Its expertise spans five major verticals: Marine and Industrial, Surface Transport, Urban Infrastructure, Hydro and Underground, and Oil and Gas. Over the past 11 years, Afcons has successfully completed 79 projects across 17 countries, with a cumulative value of Rs 563.05 billion. As of June 30, 2024, the company manages 65 active projects in 12 countries. Its order book totals Rs 36,869 crore, with substantial contributions from urban infrastructure and hydro projects. Internationally, Afcons operates in 30 countries and is known for landmark projects such as the Chenab Bridge and the Atal Tunnel.
Afcons' continued success in securing infrastructure projects, especially those with high social impact like water supply, underscores its capabilities in the EPC domain and aligns with India’s rural and urban development goals.
Disclaimer: The article is for informational purposes only and not investment advice.