Afcons Infrastructure Limited — New Orders, 03-01-2025: Bagging/Receiving of orders/contracts

Afcons Infrastructure Limited has received a Letter of Intent from the Defence Research and Development Organisation (DRDO) for the execution of the Design & Build (D&B) project related to the augmentation of MTC, creation of SAF, and workshop equipment for the shiplift facility (AMCSWF) at Visakhapatnam. The contract is valued at approximately Rs. 1084.54 Cr (including GST) and is expected to be completed within 36 months. This development indicates a strengthening relationship with the government sector and highlights Afcons' capability in handling significant defense infrastructure projects. Investors should watch closely for the project’s progression, as it may enhance revenue streams and market credibility in the defense sector.