Latest news with #HŽInfrastructureLtd
Mint
21-07-2025
- Business
- Mint
Shapoorji Pallonji Group stock to be in focus on Tuesday on bagging ₹6,800 crore order. Details here
Afcons Infrastructure, the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji Group, announced today that it has emerged as the Lowest Bidder (L1) for the rehabilitation and construction of a railway line in the Republic of Croatia, which is valued at ₹ 6800 crore. In a regulatory filing, the company said the project was awarded by HŽ Infrastructure Ltd. The order involves the reconstruction of the existing railway line and construction of a second track on the Dugo Selo–Novska section, including overhead electrification, signaling, and telecommunication works. This marks the company's second order win in less than a week. On July 18, it had emerged as the lowest bidder for two road construction packages in Croatia worth ₹ 4,535 crore. Afcons has been securing significant orders in recent months. In early June, it received a ₹ 700 crore contract from Reliance Industries for construction work related to its Vinyl Projects in Dahej, Gujarat. In late May, the company was declared the lowest bidder (L1) for a ₹ 463.50 crore water supply project covering 353 villages in Dungarpur district, titled 'Kadana Back Water (Mahi Dam) Package-1.' Afcons Infrastructure debuted on Indian stock exchanges in November last year, with its shares listing at ₹ 426.00 apiece, an 8% discount to the issue price of ₹ 463, as the IPO saw lukewarm demand from retail investors. Since its listing, the stock has remained volatile. At the current trading price of ₹ 418 apiece, it is down about 10% from the IPO price and nearly 26.6% below its recent high of ₹ 570. Despite the stock's lack of clear upward direction, analysts remain optimistic about the company's growth prospects, citing its growing order book, strong track record in executing complex and unique EPC projects both in India and abroad, and stable financial performance over the years.
Mint
21-07-2025
- Business
- Mint
Shapoorji Pallonji Group stock to be in focus on Tuesday on bagging ₹6,800 crore order. Details here
Afcons Infrastructure, the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji Group, announced today that it has emerged as the Lowest Bidder (L1) for the rehabilitation and construction of a railway line in the Republic of Croatia, which is valued at ₹ 6800 crore. In a regulatory filing today, the company said the project was awarded by HŽ Infrastructure Ltd. The order involves the reconstruction of the existing railway line and construction of a second track on the Dugo Selo–Novska section, including overhead electrification, signaling, and telecommunication works. This marks the company's second order win in less than a week. On July 18, it had emerged as the lowest bidder for two road construction packages in Croatia worth ₹ 4,535 crore. Afcons has been securing significant orders in recent months. In early June, it received a ₹ 700 crore contract from Reliance Industries for construction work related to its Vinyl Projects in Dahej, Gujarat. In May, the company was declared the lowest bidder (L1) for a ₹ 463.50 crore water supply project covering 353 villages in Dungarpur district, titled 'Kadana Back Water (Mahi Dam) Package-1.' Afcons Infrastructure debuted on Indian stock exchanges in November last year, with its shares listing at ₹ 426.00 apiece, an 8% discount to the issue price of ₹ 463, as the IPO saw lukewarm demand from retail investors. Since its listing, the stock has remained volatile. At the current trading price of ₹ 418 apiece, it is down about 10% from the IPO price and nearly 26.6% below its recent high of ₹ 570. Despite the stock's lack of clear upward direction, analysts remain optimistic about the company's growth prospects, citing its growing order book, strong track record in executing complex and unique EPC projects both in India and abroad, and stable financial performance over the years. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Upturn
21-07-2025
- Business
- Business Upturn
Afcons Infrastructure emerges lowest bidder for railway project in Croatia worth over Rs 6,800 crore
Afcons Infrastructure Limited has emerged as the lowest bidder (L1) for a major international railway project in Croatia. In a regulatory filing, the company announced that it has secured the top position in the bidding process conducted by HŽ Infrastruktura d.o.o. (HŽ Infrastructure Ltd), the state-owned rail infrastructure manager in the Republic of Croatia. The project involves the reconstruction of the existing line and the construction of a second track on the Dugo Selo–Novska railway route. It also includes overhead electrification, along with signalling and telecommunication works—making it a comprehensive infrastructure upgrade. The estimated contract value is EUR 677 million, which is approximately ₹6,800 crore (excluding taxes). The execution period for the project has not been explicitly mentioned but will follow standard timelines for similar international railway projects. This win marks a significant milestone for Afcons Infrastructure, boosting its presence in the European market and reinforcing its capabilities in large-scale transportation and infrastructure development. In the meantime, on July 17, the company also emerged as the lowest bidder for two key road construction packages in Croatia, part of the strategic A1 Motorway stretch connecting Zagreb, Split, and Dubrovnik. The first package (J324/23), worth €240.59 million (approx. ₹2,398 crore), involves building a 9-km stretch between Rudine and Slano. The second (J325/23), valued at €214.45 million (approx. ₹2,137.44 crore), covers 11.5 km from Slano to Puo Mravinjac. Both contracts, awarded by Croatian Motorways Ltd, are BOQ/item rate based and have a timeline of 42 months for completion. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
