Shares of Afcons Infrastructure Ltd were trading 1% higher on Tuesday, 1 December, after the company announced receiving EPC orders worth Rs 884 crore during the month of November. The instructions relate to Engineering, Procurement, and Construction (EPC) contracts.

In its regulatory filing, the company said, “For the month of November, Afcons Infrastructure Limited has secured orders valued at Rs 884 crore for civil infrastructure works, under its Marine and Industrial Business Unit (BU).”

Earlier, on 4 November 2024, Afcons Infrastructure made a low-key debut on the stock market.  On the BSE, the scrip floated at Rs 430.5, showing a 7.01% decrease from the IPO issue price of Rs 463. Similarly, on the National Stock Exchange (NSE), Afcons Infrastructure floated at a discount of 7.99% at Rs 426 versus the IPO issue price.

Afcons Infrastructure, a division of the prestigious Shapoorji Pallonji Group, is one of India’s largest infrastructure, engineering, and building firms. Afcons is well-known for its expertise in carrying out complicated EPC (Engineering, Procurement, and Construction) projects, and it plays an important role in creating crucial infrastructure across industries.  

The company’s diversified portfolio includes marine and industrial facilities, surface transportation projects including roads and highways, urban infrastructure like metros and flyovers, hydro, tunnelling, and oil and gas infrastructure. With a significant global presence, Afcons has successfully completed large projects in Asia, Africa, and the Middle East.

At 3:30 pm, the shares of Afcons Infrastructure closed 1.44% higher at Rs 414.90 on NSE.

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