Afcons Infrastructure climbs on emerging as lowest bidder for Pune Ring Road Packages E5, E7
Afcons Infrastructure is currently trading at Rs. 488.50, up by 8.90 points or 1.86% from its previous closing of Rs. 479.60 on the BSE.
The scrip opened at Rs. 489.20 and has touched a high and low of Rs. 496.70 and Rs. 481.80 respectively. So far 21784 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 570.00 on 03-Jan-2025 and a 52 week low of Rs. 419.85 on 04-Nov-2024.
Last one week high and low of the scrip stood at Rs. 534.35 and Rs. 465.90 respectively. The current market cap of the company is Rs. 17892.72 crore.
The promoters holding in the company stood at 86.32%, while Non-Institutions held 13.68% stake in the company.
Afcons Infrastructure has emerged as the Lowest bidder (L1) for the tender invited for the work of construction of the Access Controlled Pune Ring Road (East) Packages PRR E5 and E7 by the Maharashtra State Road Development Corporation (MSRDC). The Bid Project Cost is Rs 4,787.20 crore excluding GST.
The Package PRR E5 is for construction of Access Controlled Pune Ring Road (East) Package PRR E5 from Km.72+335 Valati, Taluka Haveli to Km.81+900 Sonori, Taluka Purandar, District Pune and Package PRR E7 is for construction of Access Controlled Pune Ring Road (East) Package PRR E7 from Km 97+900 Garade, Taluka Purandar to Km.104+140 Shiware, Taluka Bhor, District Pune. These packages will be completed in 36 months.
Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group.
