The project involves the reconstruction of the existing track and construction of a second track on the Dugo Selo–Novska railway line, including overhead electrification, signalling and telecommunication works in the Republic of Croatia.
The order is valued at €677.07 million, excluding taxes, equivalent to around ₹7,544 crore. The company said the project marks its entry into Europe and will be its largest international order to date. Afcons had earlier informed exchanges on July 21, 2025, that it had emerged as the lowest bidder for the project.Also Read: Afcons Infrastructure shares decline 4% after client issues termination notice for €113 million contract
Krishnamurthy Subramanian, Executive Chairman, Afcons Infrastructure Ltd, said, “This milestone project marks a significant step in Afcons’ global journey, with an entry into Europe. It reflects our ability to deliver complex, large-scale infrastructure solutions across geographies.
We are proud to contribute to the modernisation of a railway network in a European country, and this achievement further strengthens our position as a trusted partner in international infrastructure development.”
S Paramasivan, Managing Director, Afcons Infrastructure Ltd, said, “The project entails the reconstruction of the existing track and construction of a second track railway line. In addition to civil works, the scope includes overhead electrification, signalling, and telecommunication works.”
Also Read: Afcons Infra secures ₹373 crore orders for urban, metro projects in April
Shares of Afcons Infrastructure Limited ended at ₹327.40, down by ₹13.35, or 3.92%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: May 11, 2026 4:04 PM IST
