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The project is valued at €677.07 million, excluding taxes, equivalent to approximately Rs 7,544 crore. According to the company, this marks Afcons Infrastructure’s largest international order to date and highlights its long-term commitment to delivering world-class infrastructure projects globally.
The scope of the project includes reconstruction of the existing railway track and construction of a second railway line. It also covers overhead electrification, signalling, and telecommunication works.
Krishnamurthy Subramanian, executive chairman, Afcons Infrastructure, said, “This milestone project, marks a significant step in Afcons’ global journey, with an entry into Europe. It reflects our ability to deliver complex, large-scale infrastructure solutions across geographies. We are proud to contribute to the modernization of a railway network in a European country, and this achievement further strengthens our position as a trusted partner in international infrastructure development.”
Afcons Infrastructure, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. It is a well-diversified infrastructure construction company, and it has delivered projects ranging from expressways, underground and elevated metros, railways, bridges, dams, irrigation systems, hydro, water supply, ports, breakwaters, and oil & gas around the world.
The company's consolidated net profit declined 34.77% to Rs 97.09 crore on a 7.33% fall in revenue to Rs 2,975.77 crore in Q3 FY26 as compared with Q3 FY25.
Shares of Afcons Infrastructure slipped 3.92% to Rs 327.40 on the BSE.
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