Afcons Infrastructure trades higher on bagging LoA worth ₹463.50 crore

Afcons Infrastructure share price closed nearly 1% higher on NSE at ₹427 apiece on Monday after company announced new order win.

Afcons Infrastructure has received a Letter of Award (LOA) worth ₹463.50 crore (including GST) from the 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 from the 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 the defect liability period of 1 year. The project completion period is 20 months.

As of FY25, the company’s total orderbook stood at ₹36,869 crore nearly 20% higher than the FY24’s orderbook of ₹30,961 crore. The company’s total order book is spread over diverse projects, which include underground & elevated metro (33%), bridges and elevated corridor (22%), Hydro & underground projects (24%) and marine & industrial and other segments (21%).

In Q4FY25, the company reported a decrease in sales to ₹3218 crore. The sales stood at ₹3557 crore during the similar quarter previous year. A good growth in profit of 35.24% was reported to ₹175 crore over ₹129 crore of the corresponding previous quarter. Operating profit surged to ₹521.1 crore from the corresponding previous quarter of ₹511 crore

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