When Afcons Infrastructure obtained the letter of acceptance (LoA) from Madhya Pradesh Metro Rail Company for the construction Package BH-05 of the Bhopal Metro Rail Project, which is worth Rs 1,006.74 crore, the company’s stock increased 4.04% to Rs 543.75.
The order calls for the design and construction of an elevated viaduct and access to a depot between chainages for the blue line of the Bhopal Metro Rail Project, in addition to 13 elevated metro stations (apart from an elevated passenger interchange metro rail station).
The estimated cost of the bid project was Rs 1,006.74 crore, and it should be finished in 36 months.
Afcons Infrastructure is the flagship infrastructure engineering and construction firm of the diverse Indian conglomerate Shapoorji Pallonji Group. It has more than 60 years of experience and a solid track record of completing many technically challenging EPC projects domestically and abroad.
Despite an 11.22% drop in operating revenue to Rs 2959.89 crore in Q2 FY25 compared to Q2 FY24, the company’s consolidated net profit increased 30% to Rs 135.43 crore.
The intraday session today saw the counter reach a record high of Rs 564.40.
