The contract from Mukesh Ambani-led Reliance has translated into a significant boost for Afcons Infrastructure in the stock market.

Afcons Infrastructure Limited has secured a contract worth Rs 700 crore from Mukesh Ambani-led Reliance Industries for civil, mechanical, installation, testing and commissioning works on the Vinyl Project in Dahej, Gujarat, which is scheduled for completion by June 2026. In a regulatory filing, Afcons Infra said it has been Letter of Award (LOA) from Reliance Industries Limited for a Rs 700 crore contract

Afcons Infrastructure share prices surge after Reliance contract

Meanwhile, the contract from Mukesh Ambani’s Reliance has translated into a significant boost for Afcons in the stock market, with the company’s shares closing at Rs 436 apiece on Monday, gaining nearly 3 percent.

According to its quarterly results, Afcons Infrastructure witnessed a 23% decline in its net profit to Rs 110.92 crore in the March quarter which ended on March 31, against Rs 144.90 crore in the same quarter a year ago. In the previous quarter, the company had posted a net profit of Rs 148.85 crore.

Afcons’ revenue from operations stood at Rs 3,223.27 crore in the fourth quarter of FY 25, against Rs 3,636.43 crore in the same period last year.

The company’s Board of Directors have also approved a dividend of Rs 2.50 for its shareholders. In a stock exchange filing, Subramanian Krishnamurthy, the Executive Vice Chairman (Whole-time Director) of Afcons Infrastructure, said the company’s debt metric has improved by a significant margin, with an order book of Rs Rs 36,869 crore, excluding L1 projects worth Rs 10,662 crore.

About Afcons Infrastructure

A part of the Shapoorji Pallonji Group, Afcons Infrastructure Limited is an Indian multinational construction and engineering company that specializes in infrastructure projects. Afcons has executed more than 350 infrastructure projects in over 25 countries globally, and has worked on key infrastructure projects in India, including the Chenab Rail Bridge in Jammu and Kashmir, and the construction of an underground section of the Kanpur Metro.