Afcons Infrastructure Limited — New Orders, 08-01-2025: Awarding of order(s)/contract(s)

Afcons Infrastructure Limited has received a corrected Letter of Intent for a significant contract awarded by the Defence Research and Development Organisation (DRDO). The project entails infrastructure work on an EPC basis in India, with a total value of ₹1,084.54 Cr (including GST). The contract execution period spans 36 months. Notably, there is no interest from promoters or related party transactions involved in this contract. This project marks a substantial development for Afcons, representing a positive outlook for growth in government contracts within the defense sector. Investors should monitor this project closely for its potential impact on revenue and strategic positioning in the infrastructure domain.