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 Infrastructure IPO subscribed 10%
 ( IPO Centre - IPO News 25-Oct-24   17:14 )
  Afcons Infrastructure consolidated net profit rises 30.02% in the September 2024 quarter
 ( Results - Announcements 25-Nov-24   07:37 )
  Afcons Infra gains on bagging Rs 1,085-cr order from DRDO
 ( Hot Pursuit - 03-Jan-25   12:18 )
  Afcons Infrastructure wins work order worth Rs 1,283 cr
 ( Corporate News - 29-Jan-25   18:46 )
  Nifty slides below 24,200; metal shares under pressure
 ( Market Commentary - Mid-Session 29-Oct-24   11:33 )
  Afcons Infra rises after reciving LoA for Rs 1,274 crore project from UPDCC
 ( Hot Pursuit - 22-Nov-24   09:33 )
  Afcons Infra hits record high on Rs 1,007-cr LoA from MP Metro Rail Company
 ( Hot Pursuit - 16-Dec-24   11:52 )
  Ratings of [ICRA]AA and [ICRA]A1+ re-affirmed for bank facilities of Afcons Infrastructure Limited; rated amount enhanced
 ( Press Releases - 14-Sep-11   09:21 )
  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 )
  Market opens higher; breadth strong
 ( Market Commentary - Mid-Session 22-Nov-24   09:32 )
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