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Afcons Infrastructure declared as Lowest Bidder by HZ Infrastructure

22 Jul 2025 Evaluate

Afcons Infrastructure has been declared the Lowest Bidder (L1) by HZ INFRASTRUKTURA d.o.o. (HZ Infrastructure) for works on the reconstruction of the existing and construction of a second track on the Dugo Selo -Novska railway line including overhead electrification and signalling & telecommunication works in the Republic of Croatia. Completion period of contract is 72 months. Estimated value of the contract excluding taxes (VAT) is EUR 677,071,899.78 (Equivalent to Rs 6,800 crore). 

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


Peers
Company Name CMP
Larsen & Toubro 3870.00
Kalpataru Projects 1399.00
NCC 134.35
Rail Vikas Nigam 210.85
KEC International 391.50
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