Shares of Afcons Infrastructure Ltd rose 6% to the touch a day’s excessive of Rs 439.90 on 18th July, after the corporate introduced it had secured two street development orders price Rs 4,535.44 crore in Croatia.
In a inventory trade submitting, Afcons Infrastructure stated it has been declared the bottom bidder (L1) for 2 street development initiatives in Croatia. The declaration was made by Croatian Motorways Ltd.
The primary undertaking, Package deal J324/23, consists of constructing a 9-km stretch between Rudine and Slano within the Metković–Dubrovnik sector. It’s valued at EUR 240.59 million (round Rs 2,398 crore) with a completion timeline of 42 months.
The second, Package deal J325/23, entails an 11.5-km stretch between Slano and Puo Marvincac. It’s valued at EUR 214.45 million (roughly Rs 2,137.44 crore). This undertaking can be scheduled for completion inside 42 months.
Each initiatives might be executed underneath a BOQ/merchandise fee contract mannequin.
At the moment, the corporate’s market capitalisation stands at round Rs 15,520 crore.
At 1:06 PM, the shares of Afcons Infrastructure had been buying and selling 2.11% increased at Rs 422.55 on NSE.
Bored with lacking sizzling shares? Unicorn Indicators supplies highly effective instruments like inventory scans and extra assist you make knowledgeable buying and selling selections. Obtain now and take management of your portfolio!
