Shapoorji Pallonji Group’s Civil Construction Company has secured a new order worth Rs 1,084.54 crore from DRDO, adding to their impressive order book of Rs 34,152 crore
Shapoorji Pallonji Group’s Afcons Infrastructure Ltd has been awarded a Letter of Intent from the Government of India, Ministry of Defence, Defence Research and Development Organisation (DRDO). The contract, awarded by DRDO, involves infrastructure work on an EPC (Engineering, Procurement, and Construction) basis in India. The project is expected to be completed within 36 months, with a total value of Rs 1,084.54 crore (including GST).
Recently, Prime Minister Narendra Modi inaugurated a 13-kilometer section of the Delhi-Meerut Namo Bharat Corridor, marking a significant achievement in regional connectivity. This project, led by NCRTC, aims to improve semi-high-speed travel within the National Capital Region.
Afcons played a crucial role in this project by constructing a 3.5-kilometer stretch that includes the first elevated station in Delhi on the corridor, New Ashok Nagar. This section features six impressive steel bow-string spans, showcasing intricate engineering in challenging conditions. Afcons is also involved in Package 8 of this transformative corridor.
Afcons Infrastructure Ltd is the leading infrastructure engineering and construction company of the Shapoorji Pallonji Group, with a legacy of over six decades. The company has a strong track record of executing technologically complex EPC projects in India and internationally.
Afcons is ranked among the Top 140 international Contractors globally, 12th in Bridges, and 14th in Marine & Ports, according to the latest ENR survey. With a market cap of over Rs 19,000 crore and an order book of Rs 34,152 crore as of September 30, 2024, Afcons has seen a 26% increase in its stock price from its 52-week low of Rs 419.85 per share.
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