Share of Afcons Infrastructure Ltd rose at the opening session on Thursday, 30 January, after the company received the Letter of Award (LOA) from Hindustan Gateway Container Terminal Kandla.

The project entails planning and constructing the Rs 1,283 crore marine package of the container terminal in Tuna Tekra, India (Package 1), which has to be completed in 29 months.

On 13 January, the Maharashtra State Road Development Corporation (MSRDC) invited bids for the construction of the Access Controlled Pune Ring Road (East) Packages PRR E5 and E7, which will cost a total of Rs 4,787.20 crore. The company won the lowest bid (L1).

On 8 January, the firm received a Letter of Intent for the EPC-based infrastructure project in India from the Ministry of Defense, the Government of India, and the Defence Research and Development Organization (DRDO). The order amount came to Rs 1084.54 crore.

The share hit a 52-week high of Rs 570 on 3 January 2025, and a 52-week low of Rs 420.25 on 4 November 2024.

At 1:03 pm, the shares of Afcons Infrastructure were trading 0.51% higher at Rs 460 on NSE. 

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