Shares of Afcons Infrastructure Ltd rose 6% to touch a day’s high of Rs 439.90 on 18th July, after the company announced it had secured two road construction orders worth Rs 4,535.44 crore in Croatia.

In a stock exchange filing, Afcons Infrastructure said it has been declared the lowest bidder (L1) for two road construction projects in Croatia. The declaration was made by Croatian Motorways Ltd.

The first project, Package J324/23, includes building a 9-km stretch between Rudine and Slano in the Metković–Dubrovnik sector. It is valued at EUR 240.59 million (around Rs 2,398 crore) with a completion timeline of 42 months.

The second, Package J325/23, involves an 11.5-km stretch between Slano and Puo Marvincac. It is valued at EUR 214.45 million (approximately Rs 2,137.44 crore). This project is also scheduled for completion within 42 months.

Both projects will be executed under a BOQ/item rate contract model.

Currently, the company’s market capitalisation stands at around Rs 15,520 crore.

At 1:06 PM, the shares of Afcons Infrastructure were trading 2.11% higher at Rs 422.55 on NSE.

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