Afcons Infrastructure, the building company of Shapoorji Pallonji Group, has got one other big mission. The company knowledgeable the inventory market that it has acquired a building order value Rs 1006.74 crore from Madhya Pradesh Metro Rail Company. The company acquired this order on December 14 and that is the second big mission acquired by the company this week.
Order for Bhopal Metro Project
Afcons Infrastructure has acquired Letter of Acceptance (LoA) from Madhya Pradesh Metro Rail Company for bundle BH-5 of Bhopal Metro Rail Project. Under this mission, the company has to construct 13 metro stations and elevated viaduct on a route greater than 12 kilometers lengthy. This mission additional strengthens the company’s experience in metro building.
Earlier, on December 11, the three way partnership of Afcons had additionally got a water provide mission value greater than Rs 500 crore. This week has been stuffed with success for the company.
Recently itemizing has occurred
Afcons Infrastructure company had listed in the inventory market on 4 November. The challenge worth was Rs 463, however it was listed at Rs 426 with a low cost of 8%. Despite this, this inventory has registered a acquire of greater than 11% in a month. On December 13, the inventory closed at Rs 522.65 with a decline of 0.65%.
Projects round the world
Afcons Infrastructure is one in every of the main firms in the infrastructure, engineering and building sector. The company has to this point labored in 30 international locations and has accomplished 79 initiatives value Rs 56,305 crore. The identify of the company can be recorded in the World Book of Records, when it constructed the 9.02 km lengthy Atal Tunnel in the Himalayas. This is the longest freeway tunnel positioned at the highest altitude in the world.
work on big initiatives
Afcons has labored on many giant and high-profile initiatives. These embody Delhi Metro Phase-3, Kanpur Metro, Udhampur-Srinagar-Baramulla Rail Link and plenty of big building initiatives in international international locations. The company’s capabilities and expertise make it one in every of the most trusted firms in the building sector.
What are the prospects forward?
It is evident from the current success of Afcons Infrastructure that the company has a sturdy maintain in the building sector. With rising initiatives and expertise, this company can obtain even larger initiatives in future.
Disclaimer: (The info supplied right here is being supplied for info solely. It is vital to notice right here that funding in the market is topic to market dangers. Always search professional recommendation earlier than investing cash as an investor. ABPLive.com doesn’t advise anybody It is rarely advisable to speculate cash right here.)
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