“We’re happy to tell that Afcons Infrastructure Restricted has been awarded a Letter of Award (LoA) from Reliance Industries Restricted (RIL) for the execution of building works associated to the Vinyl Initiatives at Dahej, Gujarat,” the corporate mentioned in an alternate submitting.
The scope of labor contains civil, mechanical, and related works involving set up, testing, and commissioning. The contract is valued at roughly Rs 700 crore.
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Earlier in Might, the corporate emerged because the lowest bidder (L1) for a water provide venture masking 353 villages in Dungarpur district from Kadana Again Water (Mahi Dam) Package deal-1. The venture is estimated at Rs 463.5 crore.
Afcons Infrastructure This fall earnings
Afcons Infrastructure reported a 23% decline in consolidated web revenue to Rs 110.92 crore for the quarter ended 31 March, in comparison with Rs 144.90 crore in the identical interval final yr. Revenue stood at Rs 148.85 crore within the earlier quarter.
Income from operations got here in at Rs 3,223.27 crore in Q4FY25, down from Rs 3,636.43 crore a yr earlier. Sequentially, income was Rs 3,211.10 crore.
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Afcons Infra share value goal and efficiency
Based on Trendlyne, the common goal value for Afcons Infra is Rs 543, indicating a possible upside of 21%. Amongst seven analysts monitoring the inventory, the consensus score is ‘Sturdy Purchase’.
As of 10:16 am, the inventory was buying and selling 3.1% larger at Rs 448.6 on the BSE. Nevertheless, it has declined 14% over the previous six months and 16% to this point this yr. Its present market capitalisation stands at Rs 16,498 crore.
(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t signify the views of the Financial Occasions)
