Afcons Infra lowest bidder for Rs 6,800-crore overseas railway mission; see particulars

Afcons Infrastructure shares rose on Tuesday after the corporate emerged because the lowest bidder for a railway line mission price Rs 6,800 crore from the Republic of Croatia. The inventory of Mumbai-headquartered Afcons Infrastructure–part of the Shapoorji Pallonji Group–jumped as a lot as 3.9 per cent to Rs 435 apiece on BSE. At 2:45 pm, the midcap inventory was holding on to the inexperienced with a 2.2 per cent achieve at Rs 427.9 apiece.

After market hours on Monday, the corporate stated it had been declared the L1 lowest bidder by HŽ Infrastruktura doo (HŽ Infrastructure Ltd) for the “rehabilitation and 
development of a railway line within the Republic of Croatia”.

Afcons Infra wins Rs 6,800-crore Croatian railway mission; listed below are the small print 

The works contain the reconstruction of the prevailing and development of a second monitor on the Dugo Selo-Novska railway line, together with overhead electrification and
signalling and telecommunication works, Afcons Infra stated in a regulatory submitting. 

The estimated worth of the mission is 677 million euros (about Rs 6,800 crore at 1 euro = Rs 100.44), in line with the Mumbai-based firm. 

The mission, set to be executed in ‘invoice of portions’ (BOQ) mode, is ready to be accomplished within the subsequent 72 months. BOQ is a particular methodology utilized in development initiatives.

Individually, final week, Afcons Infra stated it had secured highway initiatives amounting to Rs 4,535 crore from Croatian Motorways. Each initiatives are set to be accomplished in 42 months.  

Afcons Infra vs Nifty 50 vs Nifty Infra

Afcons Infra shares have declined 20.5 per cent to this point in 2025, underperforming features of 5.5 per cent and seven.9 per cent within the Nifty50 and Nifty Infra indices, respectively.

Afcons Infra shares entered the listed house on Dalal Road in November final 12 months. The corporate’s preliminary public supply (IPO) was subscribed 2.8 instances. 

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