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Afcons Infrastructure climbs on securing LoI worth Rs 1084.54 crore

03 Jan 2025 Evaluate

Afcons Infrastructure is currently trading at Rs. 554.90, up by 19.90 points or 3.72% from its previous closing of Rs. 535.00 on the BSE.

The scrip opened at Rs. 535.00 and has touched a high and low of Rs. 570.00 and Rs. 534.95 respectively. So far 111516 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 570.00 on 03-Jan-2025 and a 52 week low of Rs. 419.85 on 04-Nov-2024.

Last one week high and low of the scrip stood at Rs. 570.00 and Rs. 514.45 respectively. The current market cap of the company is Rs. 19834.63 crore.

The promoters holding in the company stood at 86.32%, while Non-Institutions held 13.68% stake in the company.

Afcons Infrastructure has received a Letter of Intent (LoI) from the Govt of India, Ministry of Defence, Defence Research and Development Organisation (DRDO) for the execution of work related to the augmentation of MTC, creation of SAF, and workshop equipment for the ship lift facility (AMCSWF) at Visakhapatnam. Broad consideration or size of the order is Rs 1084.54 crore (including GST). The said order is to be executed within 36 months.

Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group.


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Company Name CMP
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