Afcons Infrastructure surges after it declared as Lowest Bidder by HZ Infrastructure
Afcons Infrastructure is currently trading at Rs. 426.15, up by 7.40 points or 1.77% from its previous closing of Rs. 418.75 on the BSE.
The scrip opened at Rs. 434.45 and has touched a high and low of Rs. 434.45 and Rs. 425.05 respectively. So far 122319 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. 440.30 and Rs. 415.10 respectively. The current market cap of the company is Rs. 15669.46 crore.
The promoters holding in the company stood at 50.17%, while Institutions and Non-Institutions held 30.33% and 19.49% respectively.
Afcons Infrastructure has been declared the Lowest Bidder (L1) by HZ INFRASTRUKTURA d.o.o. (HZ Infrastructure) for works on the reconstruction of the existing and construction of a second track on the Dugo Selo -Novska railway line including overhead electrification and signalling & telecommunication works in the Republic of Croatia. Completion period of contract is 72 months. Estimated value of the contract excluding taxes (VAT) is EUR 677,071,899.78 (Equivalent to Rs 6,800 crore).
Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group.
