Afcons Infrastructure Limited — Important, 26-05-2025: General Updates
26-05-2025 | 06:54 pm
26-05-2025 | 06:54 pm
Afcons Infrastructure’s joint venture with Transtonnelstroy secured a favorable arbitration award against Kolkata Metro Rail Corporation, with KMRC ordered to pay Rs. 231.94 Cr. This inflow will strengthen Afcons’ cash flow and balance sheet. Interest at 11% p.a. applies if payment is delayed, adding pressure on KMRC to settle promptly. This is a significant positive trigger for Afcons’ near-term financials.
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