The bid was awarded by HŽ Infrastruktura d.o.o. (HŽ Infrastructure Ltd) for the reconstruction of the present observe and development of a second line on the Dugo Selo–Novska railway route. The undertaking additionally consists of overhead electrification and signalling & telecommunication work.
The estimated contract worth, excluding VAT, is €677 million (roughly Rs 6,800 crore). The work will likely be executed on a BOQ/item-rate foundation, with a scheduled completion interval of 72 months from the graduation date post-award.
Earlier in Might, Afcons Infrastructure stated it had acquired a letter of dedication for a civil and structural contract price Rs 175 crore from Reliance Industries for work at Jamnagar, Gujarat. The ultimate worth will depend upon the precise work executed, as per the contract phrases.
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Inventory efficiency and outlook
On Monday, Afcons Infra shares ended 0.36% greater at Rs 418.70, monitoring broader market positive factors. Nevertheless, the inventory has declined 17% over the previous six months and is down 22% year-to-date.Based on Trendlyne, the common goal value for Afcons Infra is Rs 543, suggesting a possible upside of almost 30% from present ranges. Of the seven analysts overlaying the inventory, most have a ‘Robust Purchase’ ranking.Additionally Learn: Apollo Tyres, Brigade Enterprises amongst 10 small-cap shares buying and selling beneath business PE; might rally as much as 43%
(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t characterize the views of the Financial Instances)
