Hot Pursuit     03-Jan-25
Afcons Infra gains on bagging Rs 1,085-cr order from DRDO
Afcons Infrastructure rallied 3.93% to Rs 556 after the company received a Letter of Intent (LoI) worth Rs 1,084.54 crore from the Government of India’s Ministry of Defence and Defence Research and Development Organisation (DRDO).
The order involves the execution of work for the augmentation of MTC, creation of SAF, and installation of workshop equipment for the Ship Lift Facility (AMCSWF) at Visakhapatnam, Andhra Pradesh.

The project will follow a design & build (D&B) concept and includes civil, mechanical, electrical, HVAC, ELV systems, furniture & interiors, and other associated works. The project is scheduled for completion within 36 months.

Afcons Infrastructure is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally.

The company’s consolidated net profit jumped 30% to Rs 135.43 crore despite of 11.22% decline in revenue from operations to Rs 2959.89 crore in Q2 FY25 over Q2 FY24.

Previous News
  Afcons Infra gains on bagging Rs 1,085-cr order from DRDO
 ( Hot Pursuit - 03-Jan-25   12:18 )
  Afcons Infrastructure receives LoA for water supply project of Rs 463 cr
 ( Corporate News - 30-May-25   19:34 )
  Afcons Infrastructure wins work orders of Rs 576 cr
 ( Corporate News - 09-Oct-25   19:39 )
  Afcons receives contract of Rs 1084.54 cr from DRDO
 ( Corporate News - 03-Jan-25   12:16 )
  Afcons Infrastructure IPO subscribed 36%
 ( IPO Centre - IPO News 28-Oct-24   17:05 )
  Afcons wins Most Innovative Knowledge Enterprise Award 2024
 ( Corporate News - 24-Dec-24   18:03 )
  Afcons Infrastructure consolidated net profit declines 23.44% in the March 2025 quarter
 ( Results - Announcements 24-May-25   07:46 )
  Nifty slides below 25,500 level; PSU bank shares decline
 ( Market Commentary - Mid-Session 02-Jul-25   11:38 )
  Afcons Infrastructure IPO subscribed 10%
 ( IPO Centre - IPO News 25-Oct-24   17:14 )
  Indices extend losses; auto shares slide
 ( Market Commentary - Mid-Session 12-Dec-24   12:33 )
  Afcons Infrastructure bags work order of Rs 175 cr
 ( Corporate News - 02-Jul-25   13:09 )
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