Afcons Infrastructure shares soar 9% on bagging ₹5,301 crore breakwater Vadhvan Port project in Maharashtra

At around 10:03 AM, the stock was trading 5.83% higher at ₹333.90 per equity share.

The scrip has gained 4% in the past week but lost 2% over the month. On a year-to-date basis, it has declined 15%.

While the stock hit a 52-week high of ₹479.40 per equity share on October 10, 2025, it reached a year’s low of ₹265.80 per unit on March 23, 2026.

The company said that it has received a letter of award (LoA) from the Vadhvan Port Project Limited (VPPL) for the construction of a 10.14 km-long breakwater at the upcoming Vadhvan Port in Maharashtra.

When completed, it will be the second-longest breakwater in the world, according to a regulatory filing dated June 9.

Commenting on the development, S Paramasivan, Managing Director, Afcons Infrastructure Ltd, said: “It is a moment of immense pride for us to secure one of the world's landmark marine projects. This project showcases India's growing expertise in executing complex infrastructure on a global scale. We are confident that the successful completion of this project will further strengthen our Prime Minister's vision of Viksit Bharat.”

This award is a testament to Afcons' proven expertise in delivering complex and large-scale marine infrastructure projects, said Krishnamurthy Subramanian, Executive Chairman, Afcons Infrastructure Ltd.

“The Vadhvan breakwater project will be a strategic enabler for India's ambition to become a global maritime hub,” he added.

In a separate regulatory filing dated June 4, the company had informed the exchanges that it issued commercial papers of ₹25 crore on a private placement basis.

Afcons Infrastructure has a total market capitalisation of ₹12,254.58 crore as of June 10, 2026, according to data on the NSE.