Afcons Infrastructure Limited has recently informed exchanges that the company received a Letter of Award (LoA) from Reliance Industries Limited (RIL) for the execution of construction works related to its Vinyl Projects at Dahej, Gujarat. This major development reinforces Afcons’ strong presence in the infrastructure and engineering sector.
The estimated contract value is approximately ₹700 crore, excluding GST. This figure is indicative, with payments to be made based on the actual value of the work executed as per the terms of the contract. The project is expected to be completed by the end of June 2026.
As per the scope of the LoA, Afcons Infrastructure will undertake civil, mechanical, and associated construction works. The responsibilities also include installation, testing, and commissioning services as part of the comprehensive project package.
This contract win reflects Afcons Infrastructure’s continued partnership with leading corporates like Reliance Industries, highlighting its execution capabilities in large-scale industrial and infrastructure projects.
In the meantime, Afcons Infrastructure shares closed at ₹435.00 on Friday, gaining modestly after opening at ₹425.95. The stock hit an intraday high of ₹437.50 and a low of ₹425.90. Despite recent volatility, Afcons remains above its 52-week low of ₹398.00, though still trading well below its 52-week high of ₹570.00.
