Afcons Infrastructure Ltd jumps 5% on securing LOA from Madhya Pradesh Metro Rail Co for Bhopal Metro

Afcons Infrastructure has received a Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Co. for ‘Part Design and Construction of elevated Viaduct, thirteen elevated Metro Stations which will connect Bhadbhada Chauraha to Ratnagiri Tiraha (excluding an Elevated Passenger interchange Metro Rail Station), between chainage 50+000 and 62+915 and access to Depot between Chainages 00+143 and 01+080 for Blue Line’ for Bhopal Metro Rail Project-[BH-05-EIB].

The bid project cost, excluding GST, is ₹1006.74 crore. The completion period is 36 months.

Last week Afcons - Hindustan JV, a joint venture (JV) between the Afcons Infrastructure and Hindustan Project, was declared as the lowest bidder (L1) for the Water Supply Project of 353 villages under Jal Jeevan Mission with O&M for 10 years.

Afcons Infrastructure is the flagship infrastructure, engineering and construction company of the Shapoorji Pallonji group (i.e., the group’s leading engineering and construction company), a diversified Indian conglomerate.

It has a strong track record of executing numerous complex, challenging, and unique engineering, procurement, and construction (EPC) projects both within India and internationally. As of September 2024, its current order book stood at ₹34,152 crore.