Afcons Infrastructure Limited has recently received a Letter of Intent from the Ministry of Defence, Govt. of India, for a significant project involving the augmentation of the MTC, creation of SAF, and the development of workshop equipment for the ship lift facility (AMCSWF) at Visakhapatnam.
The Defence Research and Development Organisation (DRDO) has awarded the contract under the Design & Build (D&B) concept, covering Civil, Mechanical, Electrical, HVAC, ELV systems, Furniture & Interiors, and related works. The project, valued at ₹1084.54 Crore (including GST), is set to be completed over the next 36 months.
Key Detials:
- Contract Awarded By: Defence Research and Development Organisation (DRDO), Ministry of Defence, Govt. of India.
- Scope of Work: Augmentation of MTC, creation of SAF, and development of workshop equipment for AMCSWF.
- Nature of Work: Design & Build (D&B) for Civil, Mechanical, Electrical, HVAC, ELV Systems, Furniture & Interiors, and related works.
- Project Duration: 36 months.
- Contract Value: ₹1084.54 Crore (including GST).
- Domestic Contract: The order is awarded by a domestic entity (DRDO).
In the meantime, Afcons Infrastructure shares opened today at ₹534.90 and reached a high of ₹557.90, while the low remained at ₹534.90. The stock’s 52-week high stands at ₹567.80, and its 52-week low is ₹420.25.
