Afcons Infrastructure Limited has announced the receipt of a significant infrastructure contract from the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. The contract, valued at ₹1,084.54 crore (including GST), involves infrastructure development on an EPC (Engineering, Procurement, and Construction) basis.
Key Highlights:
- Project Awarding Entity: Defence Research and Development Organisation (DRDO)
- Nature of Work: Infrastructure development on EPC basis within India
- Contract Value: ₹1,084.54 crore (including GST)
- Execution Timeline: 36 months
- Interest of Promoter/Group Companies: None
- Related Party Transactions: Not applicable
The project, awarded by a domestic entity, reinforces Afcons’ position as a leading infrastructure development company. This contract is another milestone in the company’s portfolio of executing critical infrastructure projects for government organizations.
Afcons Infrastructure Limited, known for its expertise in delivering large-scale projects, is set to complete the DRDO assignment within the stipulated timeframe of 36 months.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
