Afcons Infrastructure Ltd Share Price

(AFCONS)

Afcons Infrastructure Limited originally began its operations as a civil construction firm in 1959 as a partnership between the Rodio Foundation Engineering Limited Switzerland and Hazarat Company India under the name of Rodio Foundation Engineering Limited and Hazarat Company. Subsequently a Company was incorporated under the name of Asia Foundations and Constructions Private Limited pursuant to a Certificate of Incorporation dated November 22 1976 issued by the RoC. Pursuant to an indenture dated March 22 1977 the entire business and undertaking of the Partnership Firm i.e. Rodio Foundation Engineering Limited and Hazarat Company was transferred to the Company as a running concern. Subsequent to the aforementioned transfer Company became a deemed public limited company and the name of the Company was changed from Asia Foundations and Constructions Private Limited to Asia Foundations and Constructions Limited. Subsequently the name was again changed from Asia Foundations and Constructions Limited to Afcons Infrastructure Limited and a fresh Certificate of Incorporation dated August 14 1996 was issued to the Company by the RoC. The Companys status was converted from a deemed public company to a Public Limited Company by the RoC on November 11 1997. Afcons Infrastructure Limited is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. It has a strong track record of executing numerous technologically complex engineering procurement and construction EPC projects both within India and internationally. The Company is engaged in marine works highways bridges metro works power houses tunnels oil and gas LNG tanks and other general civil engineering projects both in India and Africa and Mideast countries.These projects cover five major infrastructure business verticals: Marine and Industrial covering ports and harbour jetties dry docks wet basins breakwaters outfall and intake structures liquefied natural gas tanks and material handling systems. Surface Transport covering highways and roads interchanges mining related infrastructure and railways. Urban Infrastructure covering elevated and underground metro works bridges flyovers and elevated corridors. Hydro and Underground covering dams and barrages tunnels including large road tunnels and underground works water and irrigation and Oil and Gas covering both offshore and onshore oil and gas projects.In year 1965 Rodio Foundation Engineering Limited and Hazarat Company India commenced marine construction operations. In 1974 Rodio Foundation Engineering Limited and Hazarat Company India entered in the overseas market by construction of jetty and intake structure for desalination plant at Muscat. In 1979 the Company commenced operations in bridge construction. In 1988 it entered road construction when large road projects funded by World Bank/ Asian Development Bank were put to tender. The Company shares were acquired by Sterling Investment Corporation Limited a Shapoorji Pallonji Group Company in 2000.In 2005 the Company commenced operations in hydro segment Kol Dam Hydro Electric Power Project in the state of Himachal Pradesh commenced operations in rail tunnel segment B.G. Single Line Tunnels KatraLaole section of UdhampurSrinagarBaramulla Rail Link Project.In 2024 the Company has completed the railway project in Ghana which involves construction of the longest railway bridge in Ghana over Lake Volta the tallest singlearch Chenab Railway Bridge in Jammu Kashmir Atal Highway Tunnel at 3000 metres above sea level in Rohtang Himachal Pradesh MG Setu Bridge in Patna Bihar Annaram Barrage a part of Kaleshwaram Lift Irrigation Project in Telangana Fourth Container Terminal The Jawaharlal Nehru Port Trust in Mumbai and the Lusaka City Decongestion Project first flyover in Zambia.In October 2024 the Company came up with an Initial Public Offer by raising funds aggregating to Rs 5430 Crore of Face Value of Rs 10/ each comprising a Fresh Issue aggregating to Rs 1250 Crore and Rs 4180 Crore Equity Shares through Offer for Sale..

Listing date: 04 Nov, 2024
Chairperson Name: Shapoor P Mistry