Afcons Infrastructure trades higher on bagging LoA worth Rs 463.50 crore
Afcons Infrastructure is currently trading at Rs. 428.15, up by 4.80 points or 1.13% from its previous closing of Rs. 423.35 on the BSE.
The scrip opened at Rs. 423.55 and has touched a high and low of Rs. 429.25 and Rs. 421.55 respectively. So far 48078 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. 440.75 and Rs. 421.55 respectively. The current market cap of the company is Rs. 15754.05 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 received Letter of Award (LOA) worth Rs 463.50 crore (including GST) from Office Of Additional Chief Engineer P.H.E.D Project Region Udaipur for water supply project of 353 villages (Chikhli, Simalwara, Jonthary & Galiyakot block) of district Dungarpur form Kadana Back Water (Mahi Dam) package -1 (intake well, WTP and entire transmission system up to OHSR’s) under JJM with O&M for 10 years after defect liability period of 1 year. The project completion period is 20 months.
Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group.
