Latest news with #ShapoorjiPallonjiGroup
Bloomberg
12 hours ago
- Business
- Bloomberg
Shapoorji Gets RBI Waiver Averting Higher Yield on Private Debt
India's Shapoorji Pallonji Group has secured a key regulatory waiver from the banking regulator, easing pressure on its landmark $3.4 billion private credit deal and averting an increase in the cost of that borrowing, according to people familiar with the matter. Sterling Investment Corp., the group's non-banking finance unit, last week received a three-year extension from the Reserve Bank of India to meet the capital adequacy norms, the people said, asking not to be identified as the details are private. The extension gives the unit more time to comply with rules on the minimum cash buffers required for India's shadow lenders.
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Business Standard
22-07-2025
- Business
- Business Standard
₹6,800-cr order lifts Afcons Infrastructure share price 4% today; details
Afcons Infrastructure share price: Construction engineering company Afcons Infrastructure share price increased as much as 3.74 per cent to hit an intraday high of ₹434.45 per share on Tuesday, July 22, 2025. Around 11:00 AM, Afcons Infrastructure scrip was trading 1.31 per cent higher at ₹422 per share. By comparison, BSE Sensex was trading 0.62 per cent higher at 81,751.14 levels. Why did Afcons Infrastructure share price rise today? The uptick in the shares of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, came after the company emerged as the Lowest Bidder (L1) for a project worth approximately ₹6,800 crore. In an exchange filing, Afcon Infrastructure said, 'We are pleased to inform you that Afcons Infrastructure Limited has been declared the Lowest Bidder (L1) for by HŽ Infrastruktura d.o.o. (HŽ Infrastructure Ltd) for rehabilitation & construction of a Railway line in the Republic of Croatia.' The project involves the reconstruction and construction of a second track on the Dugo Selo-Novska railway line. The scope includes overhead electrification, signalling, and telecommunication works. The estimated value of the contract is EUR 677.07 million (approximately ₹6,800 crore), and it will be executed on a BOQ/Item rate basis with a completion timeline of 72 months. Afcons Infrastructure IPO listing Afcons Infrastructure made a quiet debut on the bourses on November 4, 2024. On the BSE, the scrip listed at ₹430.5, reflecting a discount of 7.01 per cent against the IPO issue price of ₹463. Similarly, on the National Stock Exchange (NSE), Afcons Infrastructure listed at a discount of 7.99 per cent at ₹426 against the IPO issue price. About Afcons Infrastructure Afcons Infrastructure, a part of the renowned Shapoorji Pallonji Group, is one of India's leading infrastructure, engineering, and construction companies. Known for its expertise in executing complex EPC (Engineering, Procurement, and Construction) projects, Afcons plays a vital role in developing critical infrastructure across sectors. The company's diverse portfolio spans marine and industrial facilities, surface transport projects such as roads and highways, urban infrastructure including metros and flyovers, as well as hydro, tunneling, and oil & gas infrastructure. With a strong global footprint, Afcons has successfully delivered major projects in Asia, Africa, and the Middle East. The market capitalisation of Afcons Infrastructure is ₹15,720.95 crore, according to BSE. The company falls under the BSE 500 index category.
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.
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Business Standard
18-07-2025
- Business
- Business Standard
Multiple order wins lift Afcons Infrastructure shares by 6%; details here
The uptick in the shares of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, came after the company secured two road construction orders worth ₹4,535.44 crore in Croatia. SI Reporter New Delhi Afcons Infrastructure share price: Construction engineering company Afcons Infrastructure share price increased as much as 5.70 per cent to hit an intraday high of ₹440.30 per share on Friday, July 18, 2025. At 10:40 AM, Afcons Infrastructure scrip was trading 1.31 per cent higher at ₹422 per share. By comparison, BSE Sensex was trading 0.62 per cent higher at 81,751.14 levels. Why did Afcons Infrastructure share price rise today? The uptick in the shares of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, came after the company secured two road construction orders worth ₹4,535.44 crore in Croatia. In an exchange filing, Afcon Infrastructure said, 'We are pleased to inform that Afcons Infrastructure Limited has been declared the Lowest Bidder (L1) in two different packages by Croatian Motorways Ltd for construction of roads – Package J324/23 and Package - J325/23 in the Republic of Croatia.' The first contract, Package J324/23, involves the construction of a 9-km stretch between Rudine and Slano in the Metković–Dubrovnik sector. The estimated contract value is EUR 240.59 million (approximately ₹2,398 crore), with a completion period of 42 months. The second contract, Package J325/23, covers an 11.5-km road between Slano and Puo Marvincac in the same sector. The project is valued at EUR 214.45 million (approximately ₹2,137.44 crore) and also has a completion timeline of 42 months. Both contracts will follow a BOQ/item rate mode. ALSO READ | Wipro shares see best day in over 2 months post Q1 results; time to buy? Weak debut on bourses Afcons Infrastructure made a quiet debut on the bourses on November 4, 2024. On the BSE, the scrip listed at ₹430.5, reflecting a discount of 7.01 per cent against the IPO issue price of ₹463. Similarly, on the National Stock Exchange (NSE), Afcons Infrastructure listed at a discount of 7.99 per cent at ₹426 against the IPO issue price. About Afcons Infrastructure Afcons Infrastructure, a part of the renowned Shapoorji Pallonji Group, is one of India's leading infrastructure, engineering, and construction companies. Known for its expertise in executing complex EPC (Engineering, Procurement, and Construction) projects, Afcons plays a vital role in developing critical infrastructure across sectors. The company's diverse portfolio spans marine and industrial facilities, surface transport projects such as roads and highways, urban infrastructure including metros and flyovers, as well as hydro, tunneling, and oil & gas infrastructure. With a strong global footprint, Afcons has successfully delivered major projects in Asia, Africa, and the Middle East. The market capitalisation of Afcons Infrastructure is ₹15,557.29 crore, according to BSE. The company falls under the BSE 500 index category.
