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2025-06-09 12:23:50 pm | Source: Accord Fintech
Afcons Infrastructure shines on getting LoA from Reliance Industries
Afcons Infrastructure shines on getting LoA from Reliance Industries

Afcons Infrastructure is currently trading at Rs. 448.25, up by 13.20 points or 3.03% from its previous closing of Rs. 435.05 on the BSE.

The scrip opened at Rs. 453.70 and has touched a high and low of Rs. 460.75 and Rs. 442.25 respectively. So far 145603 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. 382.40 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 460.75 and Rs. 419.45 respectively. The current market cap of the company is Rs. 16462.04 crore.

The promoters holding in the company stood at 50.17%, while Institutions and Non-Institutions held 30.28% and 19.55% respectively.

Afcons Infrastructure has been awarded a Letter of Award (LoA) from Reliance Industries (RIL) for the execution of construction works related to the Vinyl Projects at Dahej, Gujarat. The scope of work includes civil, mechanical and associated works with installation, testing and commissioning works. The said order is to be executed by June 2026. 

The estimated value of the contract is Rs 700 crore excluding GST. The above contract value is an indicative value and the payment shall be made as per the actual value of the work executed as per the Contract.

Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group.

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