The orders pertain to civil infrastructure works under the company’s Urban Infrastructure and Metro business unit and include engineering, procurement and construction (EPC) contracts as well as tunnelling work using tunnel boring machines (TBM).
The company said the orders were received in the normal course of business.
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Afcons Infrastructure, part of the Shapoorji Pallonji Group, is engaged in executing complex infrastructure projects across segments, including transportation, marine and industrial works, with operations in India and overseas.
The company’s 20% outstanding equity was freed up for trade on Monday, when its one-and-a-half-year and beyond lock-in opened.
Shares of the company ended 0.68% higher at ₹342 ahead of the order win announcement. The stock has gained nearly 20% over the past month, while delivering a negative 18% return in the last 12 months.
