Latest news with #AfconsInfra
Time of India
a day ago
- Business
- Time of India
Afcons Infrastructure: Afcons Infra's Shares Surge 4% After Winning ₹6,800-Crore Railway Project in CroatiaETInfra
Advt Stock performance and outlook Shares of Shapoorji Pallonji group firm Afcons Infrastructure rallied 3.7 per cent to their day's high of ₹434.45 on the BSE on Tuesday after the company announced it has emerged as the lowest bidder for a major railway project in the Republic of bid was awarded by HŽ Infrastruktura d.o.o. (HŽ Infrastructure Ltd) for the reconstruction of the existing track and construction of a second line on the Dugo Selo–Novska railway route . The project also includes overhead electrification and signalling & telecommunication estimated contract value, excluding VAT, is €677 million (approximately ₹6,800 crore). The work will be executed on a BOQ/item-rate basis , with a scheduled completion period of 72 months from the commencement date in May, Afcons Infrastructure said it had received a letter of commitment for a civil and structural contract worth ₹175 crore from Reliance Industries for work at Jamnagar, Gujarat. The final value will depend on the actual work executed, as per the contract Monday, Afcons Infra shares ended 0.36 per cent higher at ₹418.70, tracking broader market gains. However, the stock has declined 17 per cent over the past six months and is down 22 per cent to Trendlyne, the average target price for Afcons Infra is Rs 543, suggesting a potential upside of nearly 30% from current levels. Of the seven analysts covering the stock, most have a 'Strong Buy' rating.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
a day ago
- Business
- Time of India
Afcons Infra shares in focus after emerging lowest bidder for Rs 6,800-crore railway project in Croatia
Afcons Infra shares: The company has been identified as the lowest bidder for a significant railway project in the Republic of Croatia. Afcons Infra shares: HŽ Infrastruktura Ltd awarded the contract for the reconstruction of the existing track and the construction of a second line on the Dugo Selo–Novska railway route. The project also encompasses overhead electrification as well as signalling and telecommunication work. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Stock performance and outlook Shares of Shapoorji Pallonji group firm Afcons Infrastructure will be in focus on Tuesday after the company announced it has emerged as the lowest bidder for a major railway project in the Republic of bid was awarded by HŽ Infrastruktura d.o.o. (HŽ Infrastructure Ltd) for the reconstruction of the existing track and construction of a second line on the Dugo Selo–Novska railway route . The project also includes overhead electrification and signalling & telecommunication estimated contract value, excluding VAT, is €677 million (approximately Rs 6,800 crore). The work will be executed on a BOQ/item-rate basis, with a scheduled completion period of 72 months from the commencement date in May, Afcons Infrastructure said it had received a letter of commitment for a civil and structural contract worth Rs 175 crore from Reliance Industries for work at Jamnagar, Gujarat. The final value will depend on the actual work executed, as per the contract Monday, Afcons Infra shares ended 0.36% higher at Rs 418.70, tracking broader market gains. However, the stock has declined 17% over the past six months and is down 22% to Trendlyne, the average target price for Afcons Infra is Rs 543, suggesting a potential upside of nearly 30% from current levels. Of the seven analysts covering the stock, most have a 'Strong Buy' rating.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
09-06-2025
- Business
- Time of India
Afcons Infra shares jump 6% on Rs 700 crore LoA from Reliance Industries
Afcons Infrastructure share jumped nearly 6% to Rs 460.7 in Monday's trade on BSE after the company secured a work order from Reliance Industries . 'We are pleased to inform that Afcons Infrastructure Limited has been awarded a Letter of Award (LoA) from Reliance Industries Limited (RIL) for the execution of construction works related to the Vinyl Projects at Dahej, Gujarat,' the company said in an exchange filing. The scope of work includes civil, mechanical , and associated works involving installation, testing , and commissioning. The contract is valued at approximately Rs 700 crore. Also Read: Interest rate wars: Which central banks are cutting, which are hiking? Earlier in May, the company emerged as the lowest bidder (L1) for a water supply project covering 353 villages in Dungarpur district from Kadana Back Water (Mahi Dam) Package-1. The project is estimated at Rs 463.5 crore. Live Events Afcons Infrastructure Q4 earnings Afcons Infrastructure reported a 23% decline in consolidated net profit to Rs 110.92 crore for the quarter ended 31 March, compared to Rs 144.90 crore in the same period last year. Profit stood at Rs 148.85 crore in the previous quarter. Revenue from operations came in at Rs 3,223.27 crore in Q4FY25, down from Rs 3,636.43 crore a year earlier. Sequentially, revenue was Rs 3,211.10 crore. Also Read: Dixon Technologies, LIC Housing Finance among 10 mid-cap stocks analysts expect to gain up to 40% Afcons Infra share price target and performance According to Trendlyne, the average target price for Afcons Infra is Rs 543, indicating a potential upside of 21%. Among seven analysts tracking the stock, the consensus rating is 'Strong Buy'. As of 10:16 am, the stock was trading 3.1% higher at Rs 448.6 on the BSE. However, it has declined 14% over the past six months and 16% so far this year. Its current market capitalisation stands at Rs 16,498 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
