Afcons Infrastructure’s shares jumped over 2% after achieving a significant milestone in the Delhi Metro Rail Corporation (DMRC) Phase IV project. The company completed the longest tunneling drive for the Tughlakabad-Aerocity Corridor (Line-10), utilizing the Tunnel Boring Machine (TBM) AMRIT to carve a 2.65-kilometer tunnel between the Tughlakabad Airforce Launching Shaft and Maa Anandmayee Marg Station.
This groundbreaking achievement highlights Afcons’ engineering expertise, as the tunnel navigated mixed soil and hard rock strata while avoiding heritage structures near Mehrauli Badarpur Road. Situated 16 meters underground, the tunnel comprises 1,894 rings with a 5.8-meter inner diameter.
The milestone is part of the DC-07 package, which includes 11.26 kilometers of tunneling, three underground stations, and additional ramp and cut-and-cover sections. The second parallel tunnel is slated for completion by January 2025.
Afcons Infrastructure’s shares opened at ₹530.05, reaching a high of ₹539.95 and a low of ₹528.05 during the session. The stock’s 52-week high stands at ₹552.50, while its 52-week low is ₹420.25.
As of 9:29 am, Afcons Infrastructure shares were trading 2.33% higher at Rs 538.40 on the NSE.
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