Afcons Infrastructure Limited has recently informed exchanges that the company emerged as the Lowest Bidder (L1) for two key construction packages of the Access Controlled Pune Ring Road (East) Project. The tender for the development of Packages PRR E5 and PRR E7 was issued by the Maharashtra State Road Development Corporation Ltd. (MSRDC).
In the exchange filing, the company shared, “We are pleased to announce that Afcons Infrastructure Limited has emerged as the Lowest bidder (L1) for the tender invited for the work of construction of the Access Controlled Pune Ring Road (East) Packages PRR E5 and E7 by the Maharashtra State Road Development Corporation Ltd. (MSRDC).”
Key Details
Package PRR E5:
- Location: From Km 72+335 Valati, Taluka Haveli to Km 81+900 Sonori, Taluka Purandar, District Pune.
- Bid Project Cost (Excluding GST): ₹2,718.50 Crores
- Completion Period: 36 Months
- Mode: EPC (Engineering, Procurement, and Construction)
Package PRR E7:
- Location: From Km 97+900 Garade, Taluka Purandar to Km 104+140 Shiware, Taluka Bhor, District Pune.
- Bid Project Cost (Excluding GST): ₹2,068.70 Crores
- Completion Period: 36 Months
- Mode: EPC (Engineering, Procurement, and Construction)
In the meantime, Afcons shares opened today at ₹492.00 and reached a high of ₹495.90 during the trading session, with a low of ₹465.55. The stock is currently trading within its 52-week range, which stands at a high of ₹570.00 and a low of ₹420.25. As of 2:54 PM, the shares were trading 3.37% lower at Rs 482.00.
Ahmedabad Plane Crash